Cetera Investment Advisers lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 463,699 shares of the real estate investment trust's stock after acquiring an additional 85,030 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of AGNC Investment worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Barclays PLC increased its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after buying an additional 71,330 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in AGNC Investment by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 59,963 shares of the real estate investment trust's stock valued at $552,000 after acquiring an additional 3,899 shares during the period. Brookstone Capital Management boosted its holdings in AGNC Investment by 47.2% during the fourth quarter. Brookstone Capital Management now owns 15,583 shares of the real estate investment trust's stock valued at $144,000 after acquiring an additional 4,994 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in AGNC Investment during the fourth quarter valued at about $103,000. Finally, Park Avenue Securities LLC boosted its holdings in AGNC Investment by 139.4% during the fourth quarter. Park Avenue Securities LLC now owns 28,595 shares of the real estate investment trust's stock valued at $263,000 after acquiring an additional 16,651 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AGNC shares. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment has a consensus rating of "Moderate Buy" and an average target price of $9.96.
Get Our Latest Research Report on AGNC Investment
AGNC Investment Stock Down 1.2%
Shares of AGNC opened at $8.96 on Thursday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 9.24 and a beta of 1.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The company has a 50-day moving average price of $9.16 and a two-hundred day moving average price of $9.54.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter last year, the company earned $0.58 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's dividend payout ratio is 360.00%.
Insiders Place Their Bets
In other news, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the sale, the chief executive officer now owns 1,691,421 shares of the company's stock, valued at approximately $14,715,362.70. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president now directly owns 447,841 shares of the company's stock, valued at approximately $4,044,004.23. The trade was a 3.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock worth $1,228,039 over the last quarter. Company insiders own 0.42% of the company's stock.
About AGNC Investment
(
Free Report)
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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