2 weeks Ago By Defense World Staff
Bank of Montreal Can lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 44,584 shares of the real estate investment trust’s stock after selling 3,738 shares during the period. Bank of Montreal Can’s holdings in AGNC Investment were worth $411,000 as of its most recent SEC filing. Other institutional investors have also recently added to or reduced their stakes in the company.
Vanguard Group Inc. grew its holdings in AGNC Investment by 14.1% in the fourth quarter.
Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock valued at $767,348,000 after purchasing an additional 10,316,999 shares during the last quarter. Norges Bank purchased a new stake in shares of AGNC Investment in the 4th quarter worth about $87,269,000.
PL Capital Advisors LLC grew its stake in AGNC Investment by 821.0% in the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock valued at $50,332,000 after acquiring an additional 4,871,584 shares during the last quarter.
Raymond James Financial Inc. purchased a new position in AGNC Investment during the 4th quarter valued at about $39,840,000. Finally, Geode Capital Management LLC raised its position in AGNC Investment by 18.
8% during the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust’s stock worth $134,645,000 after acquiring an additional 2,311,105 shares during the last quarter. Hedge funds and other institutional investors own 38.
28% of the company’s stock. Insider Buying and SellingIn other news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.
04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.
04. This trade represents a 3.37 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.
10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.
90. This represents a 6.18 % 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.
Analysts Set New Price TargetsAGNC has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co.
dropped their price target on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th.
Wells Fargo & Company reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday.
Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, Jones Trading reduced their target price on shares of AGNC Investment from $10.
25 to $9.50 and set a “buy” rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock.
Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.Read Our Latest Stock Analysis on AGNC InvestmentAGNC Investment Stock Up 3.
6 %Shares of NASDAQ:AGNC opened at $8.45 on Wednesday. AGNC Investment Corp.
has a 12-month low of $7.85 and a 12-month high of $10.85.
The stock’s 50-day moving average price is $9.66 and its two-hundred day moving average price is $9.69.
The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.
01. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 8.
71 and a beta of 1.32. AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its earnings results on Monday, April 21st.
The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.
03. The business had revenue of $846.00 million for 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 period last year, the company earned $0.58 earnings per share.
On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend AnnouncementThe company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.12 per share.
The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 17.7%.
AGNC Investment’s payout ratio is 148.45%. 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).See AlsoFive stocks we like better than AGNC InvestmentHow Investors Can Identify and Successfully Trade Gap-Down StocksHow to Invest in Micro-Cap Stocks Like a ProHow to Evaluate a Stock Before Buying Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What is Put Option Volume?Take-Two Interactive: A Defensive Play Set to Explode.
