Wells Fargo & Company MN lessened its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 7.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,565,788 shares of the real estate investment trust’s stock after selling 799,813 shares during the quarter. Wells Fargo & Company MN owned 2.00% of AGNC Investment worth $178,210,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in AGNC Investment during the second quarter worth approximately $127,000. Stratos Wealth Partners LTD. purchased a new stake in AGNC Investment during the third quarter worth approximately $144,000. CIBC Private Wealth Group LLC lifted its stake in AGNC Investment by 6,645.0% during the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 7,974 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in AGNC Investment during the third quarter worth approximately $170,000. Finally, First Hawaiian Bank purchased a new stake in AGNC Investment during the third quarter worth approximately $170,000. Institutional investors and hedge funds own 58.95% of the company’s stock.
Several research analysts have commented on the company. Barclays reaffirmed a “hold” rating and set a $19.00 price target on shares of AGNC Investment in a research report on Wednesday, September 12th. Maxim Group lifted their price target on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research report on Friday, July 27th. BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. JPMorgan Chase & Co. lifted their price target on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research raised AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Monday, September 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.29.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $324.65 million. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 2.44 earnings per share for the current fiscal year.
The company also recently declared a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 87.80%.
In related news, Director Larry K. Harvey bought 4,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average price of $17.74 per share, with a total value of $70,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Morris A. Davis sold 6,797 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
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AGNC Investment Profile
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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