3,686,395 Shares in AGNC Investment Corp. $AGNC Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 3.69 million AGNC shares worth approximately $40.2 million, representing about 0.31% of the mortgage REIT. Institutional investors collectively own 38.28% of the stock.
• Analyst sentiment remains mixed: four analysts rate AGNC a Buy and seven a Hold, producing a consensus rating of Hold and an average price target of $11.11.
• AGNC reported quarterly earnings of $0.40 per share, exceeding the $0.38 estimate, and declared a monthly dividend of $0.12 per share, implying an annualized yield of roughly 13.2%.

Bank of New York Mellon Corp purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,686,395 shares of the real estate investment trust's stock, valued at approximately $40,182,000. Bank of New York Mellon Corp owned approximately 0.31% of AGNC Investment as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust's stock worth $1,047,828,000 after acquiring an additional 1,304,782 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust's stock worth $312,275,000 after acquiring an additional 1,596,244 shares in the last quarter. State Street Corp raised its position in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust's stock worth $197,774,000 after acquiring an additional 1,090,374 shares in the last quarter. Norges Bank purchased a new stake in AGNC Investment during the fourth quarter worth approximately $141,830,000. Finally, Morgan Stanley lifted its stake in AGNC Investment by 24.3% during the fourth quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust's stock worth $80,310,000 after purchasing an additional 1,462,468 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AGNC. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. Weiss Ratings raised shares of AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, Compass Point downgraded shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.11.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Down 0.4%

NASDAQ:AGNC opened at $10.90 on Friday. The stock's 50 day moving average price is $10.88 and its 200 day moving average price is $10.69. The company has a market capitalization of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32. AGNC Investment Corp. has a 52-week low of $9.62 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $305.00 million during the quarter, compared to analysts' expectations of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the previous year, the business earned ($0.17) earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment's dividend payout ratio is currently 75.79%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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