Victory Capital Management Inc. lowered its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,942 shares of the real estate investment trust's stock after selling 15,382 shares during the period. Victory Capital Management Inc.'s holdings in AGNC Investment were worth $2,360,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Equitable Holdings Inc. grew its stake in AGNC Investment by 8.7% in the 4th quarter. Equitable Holdings Inc. now owns 40,349 shares of the real estate investment trust's stock worth $607,000 after buying an additional 3,243 shares in the last quarter. abrdn plc grew its stake in AGNC Investment by 2.4% in the 4th quarter. abrdn plc now owns 198,929 shares of the real estate investment trust's stock worth $2,992,000 after buying an additional 4,756 shares in the last quarter. Aviva PLC grew its stake in AGNC Investment by 7.7% in the 4th quarter. Aviva PLC now owns 172,666 shares of the real estate investment trust's stock worth $2,597,000 after buying an additional 12,355 shares in the last quarter. Bank of America Corp DE grew its stake in AGNC Investment by 0.9% in the 4th quarter. Bank of America Corp DE now owns 3,070,633 shares of the real estate investment trust's stock worth $46,182,000 after buying an additional 28,240 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in AGNC Investment by 120.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 57,056 shares of the real estate investment trust's stock worth $747,000 after buying an additional 31,126 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.
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AGNC Investment Trading Up 1.1 %
NASDAQ:AGNC opened at $12.68 on Friday. The company has a fifty day moving average of $11.71 and a 200 day moving average of $12.47. AGNC Investment Corp. has a 52 week low of $9.99 and a 52 week high of $16.75. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $6.63 billion, a P/E ratio of -6.64 and a beta of 1.07.
AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.83 EPS for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a negative net
margin of 69.82% and a positive return on equity of 20.36%. The business had revenue of $315.00 million during the quarter, compared to analyst estimates of $323.75 million. During the same period in the prior year, the business earned $0.76 EPS. The company's revenue for the quarter was up 35.8% on a year-over-year basis. On average, research analysts predict that AGNC Investment Corp. will post 2.7 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently disclosed a aug 22 dividend, which will be paid on Monday, September 12th. Shareholders of record on Wednesday, August 31st will be issued a $0.12 dividend. AGNC Investment's dividend payout ratio (DPR) is presently -75.39%.
Analysts Set New Price Targets
AGNC has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of AGNC Investment from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $14.50 to $11.50 in a research note on Monday, April 25th. Keefe, Bruyette & Woods raised shares of AGNC Investment from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $12.25 to $13.25 in a research note on Wednesday, June 8th. Piper Sandler raised shares of AGNC Investment from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $13.50 to $13.00 in a research note on Thursday, May 5th. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $17.00 to $14.00 in a research note on Monday, May 16th. Finally, Credit Suisse Group cut their price objective on shares of AGNC Investment to $12.50 and set a "na" rating for the company in a research note on Monday, May 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.00.
AGNC Investment Company Profile
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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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