Connor Clark & Lunn Investment Management Ltd. Makes New $31.18 Million Investment in AGNC Investment Corp. $AGNC

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,860,986 shares of the real estate investment trust’s stock, valued at approximately $31,185,000.

Several other large investors have also recently modified their holdings of AGNC. Vanguard Group Inc. increased its holdings in AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the period. BlackRock Inc. acquired a new position in AGNC Investment during the 2nd quarter worth about $704,076,000. Geode Capital Management LLC lifted its holdings in AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after buying an additional 1,596,244 shares during the period. State Street Corp grew its position in shares of AGNC Investment by 6.4% in the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after buying an additional 1,090,374 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $141,830,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Trading Up 0.8%

Shares of AGNC Investment stock opened at $10.98 on Tuesday. The business has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $10.71. AGNC Investment Corp. has a 1-year low of $9.62 and a 1-year high of $12.19. The company has a market cap of $13.02 billion, a P/E ratio of 5.78 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned ($0.17) EPS. Equities research analysts forecast that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Monday, August 31st. AGNC Investment’s payout ratio is presently 75.79%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGNC. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a report on Friday, July 17th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Piper Sandler boosted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.11.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.