BNP Paribas Financial Markets Has $9.93 Million Stake in AGNC Investment Corp. (NASDAQ:AGNC)

BNP Paribas Financial Markets lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 383.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 949,369 shares of the real estate investment trust’s stock after acquiring an additional 753,102 shares during the period. BNP Paribas Financial Markets owned 0.11% of AGNC Investment worth $9,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of AGNC Investment by 2.0% in the third quarter. FMR LLC now owns 103,556 shares of the real estate investment trust’s stock valued at $1,083,000 after purchasing an additional 1,999 shares during the period. The Manufacturers Life Insurance Company grew its stake in AGNC Investment by 7.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,489 shares of the real estate investment trust’s stock valued at $2,066,000 after buying an additional 13,578 shares during the last quarter. Private Trust Co. NA raised its holdings in AGNC Investment by 193.2% in the 3rd quarter. Private Trust Co. NA now owns 40,091 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 26,418 shares during the period. Independent Advisor Alliance acquired a new position in AGNC Investment during the 3rd quarter worth $137,000. Finally, Pekin Hardy Strauss Inc. boosted its holdings in AGNC Investment by 4.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 927,517 shares of the real estate investment trust’s stock valued at $9,702,000 after acquiring an additional 42,586 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.66 on Monday. The firm has a market cap of $8.56 billion, a P/E ratio of 6.71 and a beta of 1.47. The firm’s 50-day simple moving average is $9.95 and its 200-day simple moving average is $9.97. AGNC Investment Corp. has a twelve month low of $8.79 and a twelve month high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the prior year, the company posted $0.65 earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Royal Bank of Canada increased their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One equities 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 stock. Based on data from 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).