Assetmark Inc. increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 797,193 shares of the real estate investment trust’s stock after acquiring an additional 33,749 shares during the quarter. Assetmark Inc.’s holdings in AGNC Investment were worth $14,852,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in AGNC. Qube Research & Technologies Ltd acquired a new position in shares of AGNC Investment during the 2nd quarter valued at about $127,000. Stratos Wealth Partners LTD. acquired a new position in shares of AGNC Investment during the 3rd quarter valued at about $144,000. CIBC Private Wealth Group LLC boosted its position in shares of AGNC Investment by 6,645.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 7,974 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in AGNC Investment in the 3rd quarter valued at about $170,000. Finally, First Hawaiian Bank purchased a new stake in AGNC Investment in the 3rd quarter valued at about $170,000. 58.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AGNC opened at $17.85 on Friday. The stock has a market capitalization of $9.31 billion, a P/E ratio of 7.26, a P/E/G ratio of 2.40 and a beta of 0.13. AGNC Investment Corp. has a 12-month low of $17.26 and a 12-month high of $20.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.28 and a current ratio of 0.28.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $324.65 million. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. During the same period in the previous year, the firm earned $0.62 EPS. Analysts expect that AGNC Investment Corp. will post 2.45 earnings per share for the current year.
The firm also recently declared a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 29th. This represents a yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Barclays reduced their price objective on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.35.
In other AGNC Investment news, Director Larry K. Harvey purchased 4,000 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average cost of $17.74 per share, for a total transaction of $70,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.
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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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