Balentine LLC increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 57.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,828 shares of the real estate investment trust’s stock after acquiring an additional 8,004 shares during the period. Balentine LLC’s holdings in AGNC Investment were worth $226,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in AGNC Investment by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 48,875,957 shares of the real estate investment trust’s stock worth $411,535,000 after purchasing an additional 536,286 shares in the last quarter. Macquarie Group Ltd. increased its stake in AGNC Investment by 5.6% in the 3rd quarter. Macquarie Group Ltd. now owns 7,284,822 shares of the real estate investment trust’s stock worth $61,382,000 after purchasing an additional 388,754 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 18.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,320,555 shares of the real estate investment trust’s stock worth $65,418,000 after purchasing an additional 986,455 shares in the last quarter. Northern Trust Corp increased its stake in AGNC Investment by 24.1% in the 1st quarter. Northern Trust Corp now owns 4,705,963 shares of the real estate investment trust’s stock worth $61,648,000 after purchasing an additional 914,711 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in AGNC Investment by 2,054.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,306,055 shares of the real estate investment trust’s stock worth $27,837,000 after purchasing an additional 3,152,575 shares in the last quarter. 40.87% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Kenneth L. Pollack sold 10,910 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $11.34, for a total value of $123,719.40. Following the completion of the sale, the executive vice president now directly owns 228,634 shares in the company, valued at approximately $2,592,709.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.
AGNC Investment Stock Up 1.1 %
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.09. The business had revenue of $25.00 million during the quarter, compared to analyst estimates of $415.17 million. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. The firm’s revenue was down 89.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. On average, equities research analysts expect that AGNC Investment Corp. will post 2.3 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently declared a apr 23 dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 14.5%. AGNC Investment’s dividend payout ratio is -56.69%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AGNC shares. Barclays dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, April 13th. JPMorgan Chase & Co. raised AGNC Investment from a “neutral” rating to an “overweight” rating and set a $12.50 target price on the stock in a research note on Wednesday, March 8th. Piper Sandler lowered their target price on AGNC Investment from $12.00 to $11.00 in a research note on Monday, April 3rd. Argus cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Finally, Maxim Group lifted their target price on AGNC Investment from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.
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).
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