KBC Group NV Has $16 Million Holdings in AGNC Investment Corp. (AGNC)
KBC Group NV grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 737,823 shares of the real estate investment trust’s stock after purchasing an additional 117,142 shares during the period. KBC Group NV owned 0.19% of AGNC Investment worth $15,996,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in AGNC. Capstone Asset Management Co. acquired a new stake in shares of AGNC Investment during the 2nd quarter worth about $219,000. IFP Advisors Inc boosted its stake in shares of AGNC Investment by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 130,986 shares of the real estate investment trust’s stock worth $2,789,000 after purchasing an additional 850 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of AGNC Investment by 67.6% during the 2nd quarter. SG Americas Securities LLC now owns 159,359 shares of the real estate investment trust’s stock worth $3,393,000 after purchasing an additional 64,299 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of AGNC Investment by 55.2% during the 2nd quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock worth $590,000 after purchasing an additional 9,784 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of AGNC Investment by 17.6% during the 2nd quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after purchasing an additional 987,395 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.
AGNC Investment Corp. (AGNC) opened at $20.02 on Friday. AGNC Investment Corp. has a 1-year low of $17.30 and a 1-year high of $22.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $7,786.79, a P/E ratio of 7.83 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The firm had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.50 million. During the same quarter last year, the firm posted $0.67 earnings per share. equities analysts expect that AGNC Investment Corp. will post 2.54 EPS for the current fiscal year.
The firm also recently declared a nov 17 dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, November 29th. This represents a yield of 11%. AGNC Investment’s payout ratio is 53.20%.
AGNC has been the topic of several research analyst reports. Maxim Group reissued a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research report on Friday, October 27th. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $19.00 target price on shares of AGNC Investment in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.09.
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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).
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