Bank of Montreal Can Acquires 1,777 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Bank of Montreal Can grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 4.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,968 shares of the real estate investment trust’s stock after purchasing an additional 1,777 shares during the period. Bank of Montreal Can’s holdings in AGNC Investment were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AGNC. Evergreen Capital Management LLC grew its holdings in shares of AGNC Investment by 15.2% in the second quarter. Evergreen Capital Management LLC now owns 11,830 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 1,565 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AGNC Investment by 333.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,116 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 6,243 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of AGNC Investment during the 2nd quarter worth $437,000. Sei Investments Co. boosted its holdings in shares of AGNC Investment by 2.6% in the 2nd quarter. Sei Investments Co. now owns 668,114 shares of the real estate investment trust’s stock worth $6,374,000 after buying an additional 17,240 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC bought a new position in AGNC Investment during the second quarter valued at about $112,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Up 0.7 %

AGNC opened at $10.37 on Friday. The business’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $9.89. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.54 billion, a PE ratio of 11.40 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business’s quarterly revenue was up 52.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Activity at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGNC. Compass Point increased their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.33.

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).