Natixis Makes New $2.82 Million Investment in AGNC Investment Corp. $AGNC

Natixis purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, HoldingsChannel reports. The firm purchased 306,486 shares of the real estate investment trust’s stock, valued at approximately $2,817,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its holdings in AGNC Investment by 241,567.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after purchasing an additional 46,368,867 shares in the last quarter. Norges Bank acquired a new position in shares of AGNC Investment during the 2nd quarter valued at $109,814,000. Nuveen LLC acquired a new position in shares of AGNC Investment during the 1st quarter valued at $30,546,000. Geode Capital Management LLC raised its stake in shares of AGNC Investment by 10.9% in the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after buying an additional 2,461,255 shares in the last quarter. Finally, Equity Investment Corp lifted its holdings in shares of AGNC Investment by 27.0% in the second quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock valued at $86,298,000 after buying an additional 1,995,369 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler lifted their target price on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group boosted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Monday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.18.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of AGNC Investment stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Trading Up 0.4%

NASDAQ:AGNC opened at $10.38 on Thursday. The stock has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $9.77. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 15.49 and a beta of 1.36. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.67. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Wednesday, December 31st. AGNC Investment’s dividend payout ratio is 214.93%.

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).