Advisors Asset Management Inc. Increases Holdings in AGNC Investment Corp. (AGNC)
Advisors Asset Management Inc. raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 25.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 473,660 shares of the real estate investment trust’s stock after purchasing an additional 97,129 shares during the quarter. Advisors Asset Management Inc.’s holdings in AGNC Investment were worth $8,308,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGNC. Mn Services Vermogensbeheer B.V. raised its position in shares of AGNC Investment by 13.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 75,723 shares of the real estate investment trust’s stock worth $1,411,000 after purchasing an additional 9,200 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $3,938,000. Scout Investments Inc. acquired a new stake in shares of AGNC Investment during the 4th quarter worth approximately $103,298,000. Enterprise Financial Services Corp raised its position in shares of AGNC Investment by 92.3% during the 4th quarter. Enterprise Financial Services Corp now owns 3,301 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,584 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 59.92% of the company’s stock.
A number of analysts have recently weighed in on AGNC shares. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research report on Thursday. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, December 31st. JPMorgan Chase & Co. upgraded AGNC Investment from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $17.50 to $18.00 in a research report on Thursday, December 20th. Finally, ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.75.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). AGNC Investment had a return on equity of 12.17% and a net margin of 11.85%. The business had revenue of $186.00 million during the quarter, compared to the consensus estimate of $341.58 million. During the same period last year, the company earned $0.63 earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 2.39 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 11th. Investors of record on Thursday, January 31st will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date is Wednesday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is 91.91%.
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AGNC Investment 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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