Amundi Has $1.98 Million Stake in AGNC Investment Corp. $AGNC

Key Points

• Amundi increased its AGNC Investment stake by 194.9% in the first quarter, acquiring 130,617 additional shares for a total position worth approximately $1.98 million. Institutional investors collectively own 38.28% of AGNC.
• AGNC reported quarterly EPS of $0.40, topping analysts’ $0.38 estimate, and declared a monthly dividend of $0.12 per share, representing an annualized yield of about 13.3%.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $11.11; the stock recently traded at $10.84.

Amundi lifted its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 194.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,626 shares of the real estate investment trust's stock after buying an additional 130,617 shares during the quarter. Amundi's holdings in AGNC Investment were worth $1,982,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AGNC. Avion Wealth increased its position in AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust's stock worth $27,000 after buying an additional 2,021 shares during the last quarter. Sound Income Strategies LLC grew its holdings in AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,048 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment during the fourth quarter valued at approximately $33,000. National Bank of Canada FI raised its position in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC bought a new position in shares of AGNC Investment in the third quarter valued at approximately $33,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.84 on Friday. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 5.71 and a beta of 1.32. AGNC Investment Corp. has a fifty-two week low of $9.31 and a fifty-two week high of $12.19. The business has a 50-day moving average of $10.69 and a 200-day moving average of $10.78.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS 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 the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter last year, the firm posted ($0.17) EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.3%. AGNC Investment's payout ratio is currently 75.79%.

Analysts Set New Price Targets

AGNC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased 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 report on Wednesday, July 22nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Wall Street Zen upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. UBS Group boosted their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, AGNC Investment has a consensus rating of "Hold" and an average target price of $11.11.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

AGNC Investment Profile

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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