Jacobs Asset Management LLC increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,300 shares of the real estate investment trust's stock after acquiring an additional 125,300 shares during the quarter. AGNC Investment comprises about 2.1% of Jacobs Asset Management LLC's investment portfolio, making the stock its 19th biggest holding. Jacobs Asset Management LLC's holdings in AGNC Investment were worth $3,457,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its position in AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after purchasing an additional 71,330 shares during the last quarter. Howard Financial Services LTD. boosted its stake in AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock worth $496,000 after purchasing an additional 35,598 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after acquiring an additional 581,352 shares during the period. Franklin Resources Inc. increased its stake in AGNC Investment by 35.8% during the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock worth $6,060,000 after acquiring an additional 154,029 shares during the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in shares of AGNC Investment during the fourth quarter worth $639,000. Hedge funds and other institutional investors own 38.28% of the company's stock.
AGNC Investment Stock Down 0.2%
NASDAQ:AGNC traded down $0.02 during trading hours on Thursday, hitting $8.95. 3,043,771 shares of the company traded hands, compared to its average volume of 27,114,232. The firm's 50-day simple moving average is $9.16 and its 200-day simple moving average is $9.54. 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 one year low of $7.85 and a one year high of $10.85. The company has a market cap of $9.13 billion, a PE ratio of 9.22 and a beta of 1.30.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. During the same quarter in the prior year, the company posted $0.58 EPS. Equities analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.
AGNC Investment Dividend Announcement
The firm also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio (DPR) is 360.00%.
Insider Buying and Selling
In other AGNC Investment news, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction on Friday, April 25th. The stock was 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 $14,715,362.70. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president now directly owns 374,019 shares in the company, valued at approximately $3,321,288.72. This trade represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last three months. 0.42% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Jones Trading dropped their price objective on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.
Check Out Our Latest Analysis on AGNC Investment
AGNC Investment Company Profile
(
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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