Assetmark Inc. lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 5,324.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 553,033 shares of the real estate investment trust’s stock after buying an additional 542,837 shares during the quarter. Assetmark Inc. owned approximately 0.14% of AGNC Investment worth $11,990,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in AGNC Investment by 17.6% during the second quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after acquiring an additional 987,395 shares during the last quarter. Acadian Asset Management LLC raised its stake in AGNC Investment by 35.0% in the second quarter. Acadian Asset Management LLC now owns 5,610,700 shares of the real estate investment trust’s stock valued at $119,451,000 after buying an additional 1,453,704 shares in the last quarter. Bank of New York Mellon Corp raised its stake in AGNC Investment by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 1,860,930 shares of the real estate investment trust’s stock valued at $40,344,000 after buying an additional 101,772 shares in the last quarter. Bessemer Group Inc. increased its position in shares of AGNC Investment by 15.4% during the third quarter. Bessemer Group Inc. now owns 1,641,281 shares of the real estate investment trust’s stock worth $35,583,000 after purchasing an additional 219,185 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in AGNC Investment by 57.9% in the 3rd quarter. Prudential Financial Inc. now owns 1,604,383 shares of the real estate investment trust’s stock valued at $34,783,000 after purchasing an additional 588,238 shares in the last quarter. Hedge funds and other institutional investors own 65.74% of the company’s stock.
A number of equities research analysts recently issued reports on AGNC shares. Zacks Investment Research lowered AGNC Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Maxim Group restated a “buy” rating and set a $21.25 price objective on shares of AGNC Investment in a report on Friday, October 27th. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. AGNC Investment presently has an average rating of “Hold” and a consensus price target of $20.18.
Shares of AGNC Investment Corp. (NASDAQ AGNC) traded up $0.14 during midday trading on Thursday, reaching $20.40. 3,126,999 shares of the company were exchanged, compared to its average volume of 4,033,049. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24. AGNC Investment Corp. has a 52-week low of $17.30 and a 52-week high of $22.34. The firm has a market capitalization of $7,970.00, a PE ratio of 8.02 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The business had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.50 million. During the same period last year, the firm earned $0.67 earnings per share. analysts forecast that AGNC Investment Corp. will post 2.55 EPS for the current year.
The business also recently declared a nov 17 dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a dividend yield of 11%. AGNC Investment’s payout ratio is currently 53.33%.
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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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