Janney Montgomery Scott LLC Buys New Position in AGNC Investment Corp. (NASDAQ:AGNC)

Janney Montgomery Scott LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 193,639 shares of the real estate investment trust’s stock, valued at approximately $2,025,000.

Other large investors have also modified their holdings of the company. Riverview Trust Co purchased a new stake in AGNC Investment during the 3rd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares during the last quarter. Blue Trust Inc. increased its position in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Finally, LRI Investments LLC purchased a new position in AGNC Investment in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Trading Down 2.2 %

NASDAQ AGNC opened at $9.47 on Wednesday. The firm’s fifty day moving average price is $10.13 and its 200 day moving average price is $9.96. AGNC Investment Corp. has a 12 month low of $8.25 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.27. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid 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 dividend payout ratio (DPR) is 100.00%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Compass Point lifted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada boosted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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).