PNC Financial Services Group Inc. lessened its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,336 shares of the real estate investment trust’s stock after selling 7,210 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AGNC Investment were worth $936,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in AGNC. Bank of New York Mellon Corp increased its holdings in shares of AGNC Investment by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,900,713 shares of the real estate investment trust’s stock valued at $35,334,000 after purchasing an additional 70,113 shares in the last quarter. Victory Capital Management Inc. increased its holdings in AGNC Investment by 17.8% during the 3rd quarter. Victory Capital Management Inc. now owns 693,686 shares of the real estate investment trust’s stock valued at $12,923,000 after acquiring an additional 105,000 shares in the last quarter. Private Advisor Group LLC increased its holdings in AGNC Investment by 63.0% during the 3rd quarter. Private Advisor Group LLC now owns 72,914 shares of the real estate investment trust’s stock valued at $1,358,000 after acquiring an additional 28,186 shares in the last quarter. Comerica Bank increased its holdings in AGNC Investment by 9.8% during the 3rd quarter. Comerica Bank now owns 43,514 shares of the real estate investment trust’s stock valued at $765,000 after acquiring an additional 3,872 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in AGNC Investment during the 3rd quarter valued at about $144,000. Institutional investors and hedge funds own 69.04% of the company’s stock.
Several equities analysts have weighed in on AGNC shares. Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating in a report on Sunday, January 13th. BidaskClub downgraded shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th. Zacks Investment Research downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Barclays upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $19.00 in a report on Friday, December 14th. Finally, JPMorgan Chase & Co. upgraded shares of AGNC Investment from a “neutral” rating to an “overweight” rating and raised their target price for the company from $17.50 to $18.00 in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.75.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). AGNC Investment had a return on equity of 11.86% and a net margin of 11.85%. The firm had revenue of $186.00 million for the quarter, compared to analysts’ expectations of $341.58 million. During the same quarter last year, the firm earned $0.63 earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 2.29 EPS for the current year.
The firm also recently declared a mar 19 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 11.98%. AGNC Investment’s dividend payout ratio (DPR) is 91.91%.
About AGNC Investment
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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