USS Investment Management Ltd Invests $6.33 Million in AGNC Investment Corp. (AGNC)
USS Investment Management Ltd acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 313,700 shares of the real estate investment trust’s stock, valued at approximately $6,329,000.
Other institutional investors have also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of AGNC Investment in the third quarter valued at $104,000. Chicago Partners Investment Group LLC lifted its holdings in shares of AGNC Investment by 227.8% in the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 4,100 shares during the period. Dana Investment Advisors Inc. acquired a new stake in shares of AGNC Investment in the third quarter valued at $214,000. Crossmark Global Holdings Inc. acquired a new stake in shares of AGNC Investment in the third quarter valued at $223,000. Finally, Summit Securities Group LLC lifted its holdings in shares of AGNC Investment by 25.2% in the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.
AGNC has been the subject of several research analyst reports. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 24th. Maxim Group reaffirmed a “buy” rating and set a $21.25 target price on shares of AGNC Investment in a report on Friday, October 27th. BidaskClub raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $19.00 target price on shares of AGNC Investment in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Hold” and an average target price of $20.38.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. The business had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.50 million. During the same period in the prior year, the business posted $0.67 earnings per share. sell-side analysts anticipate that AGNC Investment Corp. will post 2.55 EPS for the current year.
The business also recently announced a jan 18 dividend, which will be paid on Thursday, February 8th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.18 per share. This represents a dividend yield of 11.09%. The ex-dividend date is Tuesday, January 30th. AGNC Investment’s dividend payout ratio is 53.33%.
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).
Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC).
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.