AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its holding in AGNC Investment Corp. by 3.0%, now owning 85,779,209 shares valued at approximately $821.77 million, which represents 9.37% of the company.
• AGNC's quarterly earnings missed estimates, reporting $0.38 EPS compared to the expected $0.42, but revenue exceeded expectations at $830 million.
• The company announced a monthly dividend of $0.12 per share, yielding approximately 15.4%, with an ex-dividend date set for August 29th.

Vanguard Group Inc. raised its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 85,779,209 shares of the real estate investment trust's stock after buying an additional 2,462,337 shares during the quarter. Vanguard Group Inc. owned about 9.37% of AGNC Investment worth $821,765,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in AGNC Investment during the fourth quarter worth $39,840,000. Vaughan Nelson Investment Management L.P. increased its position in shares of AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after buying an additional 2,589,020 shares in the last quarter. Northern Trust Corp increased its position in shares of AGNC Investment by 24.9% in the fourth quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust's stock valued at $58,746,000 after buying an additional 1,273,565 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of AGNC Investment by 4,964.4% during the 4th quarter. Evergreen Capital Management LLC now owns 872,856 shares of the real estate investment trust's stock worth $8,142,000 after buying an additional 855,621 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of AGNC Investment by 21.1% in the 1st quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust's stock worth $41,370,000 after buying an additional 752,201 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Trading Down 0.5%

AGNC traded down $0.05 during trading on Thursday, hitting $9.61. The company's stock had a trading volume of 10,299,057 shares, compared to its average volume of 25,693,893. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The stock has a market cap of $10.01 billion, a PE ratio of 28.27 and a beta of 1.28. The firm's 50 day moving average price is $9.38 and its 200-day moving average price is $9.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%. During the same quarter last year, the company posted $0.53 earnings per share. On average, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a yield of 15.0%. AGNC Investment's dividend payout ratio is 423.53%.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the transaction, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGNC. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank Of Canada cut their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. UBS Group upped their target price on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of "Hold" and an average target price of $9.58.

AGNC Investment Company 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).