AGNC Investment Corp. (NASDAQ:AGNC) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,222,595 shares of the real estate investment trust’s stock after acquiring an additional 38,690 shares during the period. Raymond James & Associates’ holdings in AGNC Investment were worth $12,788,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AGNC. CIBC Asset Management Inc raised its holdings in AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,012 shares during the period. Avantax Advisory Services Inc. increased its position in shares of AGNC Investment by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 1,059 shares in the last quarter. Paragon Capital Management Ltd raised its stake in shares of AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 1,071 shares during the period. Highlander Capital Management LLC lifted its holdings in shares of AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Oak Thistle LLC boosted its position in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 1,251 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGNC has been the topic of several research reports. Royal Bank of Canada raised 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. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Compass Point upped their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.33.

Insider Transactions at AGNC Investment

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

AGNC Investment Trading Down 0.1 %

NASDAQ AGNC opened at $9.93 on Monday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 10.91 and a beta of 1.47. The company’s fifty day moving average price is $10.30 and its two-hundred day moving average price is $9.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period last year, the business posted $0.65 EPS. As a group, research analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

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).