Ethic Inc. Buys 48,227 Shares of AGNC Investment Corp. $AGNC

Ethic Inc. lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 62.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,567 shares of the real estate investment trust’s stock after acquiring an additional 48,227 shares during the period. Ethic Inc.’s holdings in AGNC Investment were worth $1,165,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AGNC. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of AGNC Investment by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 7,650 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of AGNC Investment by 155.0% in the first quarter. Illinois Municipal Retirement Fund now owns 405,075 shares of the real estate investment trust’s stock worth $3,881,000 after acquiring an additional 246,250 shares during the period. Joel Isaacson & Co. LLC boosted its holdings in shares of AGNC Investment by 19.0% in the first quarter. Joel Isaacson & Co. LLC now owns 19,666 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 3,134 shares during the period. KBC Group NV boosted its stake in AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 3,081 shares during the period. Finally, Amalgamated Bank boosted its stake in AGNC Investment by 10.4% during the first quarter. Amalgamated Bank now owns 45,807 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 4,330 shares during the period. 38.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AGNC shares. UBS Group lifted their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Piper Sandler lifted their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.18.

AGNC Investment Trading Up 1.1%

Shares of AGNC stock opened at $10.20 on Monday. The firm has a market cap of $10.63 billion, a P/E ratio of 15.22 and a beta of 1.32. The business has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $9.42. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same quarter in the prior year, the firm posted $0.43 EPS. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a dividend yield of 1,417.0%. AGNC Investment’s payout ratio is currently 214.93%.

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).