M&T Bank Corp trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 24.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,761 shares of the real estate investment trust’s stock after selling 9,169 shares during the period. M&T Bank Corp’s holdings in AGNC Investment were worth $545,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Advisors Preferred LLC raised its holdings in shares of AGNC Investment by 1,328.9% in the 4th quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,651 shares during the period. Advantage Investment Management LLC purchased a new position in shares of AGNC Investment in the 4th quarter worth about $131,000. Victory Capital Management Inc. raised its holdings in shares of AGNC Investment by 154.5% in the 4th quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 3,987 shares during the period. National Pension Service purchased a new position in shares of AGNC Investment in the 4th quarter worth about $179,000. Finally, Ford Financial Group Inc. purchased a new position in shares of AGNC Investment in the 4th quarter worth about $181,000. 67.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on AGNC. BidaskClub upgraded AGNC Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, March 15th. Zacks Investment Research downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Bank of America upgraded AGNC Investment from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Maxim Group reiterated a “buy” rating and set a $19.25 target price (down from $21.25) on shares of AGNC Investment in a report on Thursday, April 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.50 target price on shares of AGNC Investment in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.55.
Shares of NASDAQ:AGNC opened at $19.11 on Wednesday. The stock has a market cap of $7.47 billion, a P/E ratio of 7.77 and a beta of -0.06. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04. AGNC Investment Corp. has a one year low of $17.84 and a one year high of $22.34.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $225.00 million for the quarter, compared to the consensus estimate of $240.82 million. AGNC Investment had a return on equity of 11.85% and a net margin of 122.47%. During the same period last year, the business posted $0.64 EPS. equities analysts forecast that AGNC Investment Corp. will post 2.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 31st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.77%. AGNC Investment’s payout ratio is currently 87.80%.
About AGNC Investment
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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