Victory Capital Management Inc. Purchases 1,192,975 Shares of AGNC Investment Corp. $AGNC

Victory Capital Management Inc. increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,111,656 shares of the real estate investment trust’s stock after acquiring an additional 1,192,975 shares during the period. Victory Capital Management Inc. owned about 0.66% of AGNC Investment worth $69,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in AGNC Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock valued at $944,151,000 after purchasing an additional 1,591,465 shares during the period. Geode Capital Management LLC grew its position in AGNC Investment by 10.9% during the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after buying an additional 2,461,255 shares during the period. State Street Corp increased its holdings in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the last quarter. Norges Bank bought a new stake in AGNC Investment in the second quarter worth about $109,814,000. Finally, Equity Investment Corp boosted its stake in AGNC Investment by 1.8% in the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock valued at $93,542,000 after acquiring an additional 164,386 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Trading Down 0.6%

Shares of AGNC stock opened at $10.90 on Friday. The company has a market capitalization of $12.09 billion, a PE ratio of 7.79 and a beta of 1.37. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $12.19. The business’s fifty day moving average is $11.36 and its 200 day moving average is $10.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s payout ratio is presently 102.86%.

Insiders Place Their Bets

In other AGNC Investment news, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the sale, the director owned 2,189,091 shares in the company, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenneth L. Pollack sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 775,000 shares of company stock valued at $9,246,000 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Piper Sandler raised their target price on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Company Profile

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.