US Bancorp DE Raises Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

US Bancorp DE boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 279.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,493 shares of the real estate investment trust’s stock after buying an additional 176,301 shares during the quarter. US Bancorp DE’s holdings in AGNC Investment were worth $2,505,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of AGNC Investment by 39.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,295 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 14,898 shares in the last quarter. Norden Group LLC boosted its position in AGNC Investment by 20.7% in the 1st quarter. Norden Group LLC now owns 20,618 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 3,529 shares during the period. Private Advisor Group LLC grew its stake in shares of AGNC Investment by 1.1% in the first quarter. Private Advisor Group LLC now owns 158,671 shares of the real estate investment trust’s stock worth $1,571,000 after acquiring an additional 1,773 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of AGNC Investment by 7.2% during the first quarter. BNP Paribas Financial Markets now owns 346,731 shares of the real estate investment trust’s stock worth $3,433,000 after acquiring an additional 23,258 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of AGNC Investment by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 154,175 shares of the real estate investment trust’s stock valued at $1,526,000 after acquiring an additional 18,289 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Up 1.8 %

Shares of AGNC Investment stock opened at $9.52 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a 1-year low of $8.20 and a 1-year high of $10.85. The business has a 50-day moving average of $10.21 and a 200-day moving average of $9.95. The company has a market capitalization of $7.45 billion, a PE ratio of 6.49 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AGNC. JPMorgan Chase & Co. upped their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Compass Point boosted their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.33.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.43% of the company’s stock.

AGNC Investment Company 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).