AIA Group Ltd lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 53.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,107 shares of the real estate investment trust's stock after purchasing an additional 2,138 shares during the period. AIA Group Ltd's holdings in AGNC Investment were worth $80,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Joseph P. Lucia & Associates LLC purchased a new position in shares of AGNC Investment during the first quarter valued at $26,000. O Dell Group LLC purchased a new position in shares of AGNC Investment during the first quarter valued at $26,000. National Bank of Canada FI purchased a new position in shares of AGNC Investment during the fourth quarter valued at $31,000. Lazard Asset Management LLC purchased a new position in shares of AGNC Investment during the fourth quarter valued at $31,000. Finally, Johnson Financial Group Inc. grew its holdings in shares of AGNC Investment by 126.0% during the fourth quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 1,550 shares in the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.
Get AGNC Investment alerts:AGNC Investment Trading Down 0.5 %
AGNC opened at $12.25 on Monday. The stock has a 50-day moving average of $11.69 and a 200-day moving average of $12.50. AGNC Investment Corp. has a 52-week low of $9.99 and a 52-week high of $16.75. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02.
AGNC Investment (NASDAQ:AGNC – Get Rating) last released its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a positive return on equity of 20.36% and a negative net margin of 69.82%. The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $323.75 million. During the same quarter in the prior year, the company posted $0.76 EPS. The firm's revenue was up 35.8% on a year-over-year basis. Equities analysts forecast that AGNC Investment Corp. will post 2.7 earnings per share for the current fiscal year.AGNC Investment Dividend Announcement
The firm also recently disclosed a jul 22 dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 29th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, July 28th. This represents a dividend yield of 12.4%. AGNC Investment's dividend payout ratio is presently -75.39%.
Analyst Ratings Changes
A number of brokerages have commented on AGNC. Maxim Group lowered their target price on AGNC Investment from $17.00 to $13.00 in a research note on Wednesday, May 4th. Royal Bank of Canada lowered their target price on AGNC Investment from $17.00 to $14.00 in a research note on Monday, May 16th. JPMorgan Chase & Co. downgraded AGNC Investment from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $14.50 to $11.50 in a research note on Monday, April 25th. Keefe, Bruyette & Woods upgraded AGNC Investment from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $12.25 to $13.25 in a research note on Wednesday, June 8th. Finally, Piper Sandler upgraded AGNC Investment from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $13.50 to $13.00 in a research note on Thursday, May 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.00.
AGNC Investment 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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