M&T Bank Corp raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 34.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,930 shares of the real estate investment trust’s stock after buying an additional 9,800 shares during the quarter. M&T Bank Corp’s holdings in AGNC Investment were worth $764,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Brookstone Capital Management grew its holdings in AGNC Investment by 19.2% in the 3rd quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,517 shares in the last quarter. Summit Securities Group LLC grew its holdings in AGNC Investment by 25.2% in the 3rd quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 2,700 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in AGNC Investment by 4.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after buying an additional 2,844 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in shares of AGNC Investment by 3.9% in the 3rd quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock valued at $1,963,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in shares of AGNC Investment by 18.4% in the 4th quarter. Westpac Banking Corp now owns 22,008 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 3,417 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.
In related news, CFO Peter J. Federico sold 13,500 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
AGNC Investment Corp. (AGNC) opened at $18.83 on Wednesday. AGNC Investment Corp. has a 12 month low of $17.94 and a 12 month high of $22.34. The company has a market capitalization of $7,587.31, a price-to-earnings ratio of 9.61 and a beta of -0.01. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 12.17% and a net margin of 86.72%. The business had revenue of $212.00 million for the quarter, compared to analyst estimates of $204.32 million. During the same quarter in the prior year, the company posted $0.64 EPS. sell-side analysts expect that AGNC Investment Corp. will post 2.41 earnings per share for the current year.
The company also recently announced a feb 18 dividend, which will be paid on Thursday, March 8th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.18 per share. This represents a yield of 11.45%. The ex-dividend date of this dividend is Tuesday, February 27th. AGNC Investment’s payout ratio is 110.20%.
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Barclays decreased their price target on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Friday, December 1st. Finally, Bank of America raised AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. AGNC Investment has a consensus rating of “Hold” and an average price target of $20.63.
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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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