Bank of New York Mellon Corp raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,900,713 shares of the real estate investment trust’s stock after acquiring an additional 70,113 shares during the period. Bank of New York Mellon Corp’s holdings in AGNC Investment were worth $35,334,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AGNC. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of AGNC Investment by 3.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,382,204 shares of the real estate investment trust’s stock valued at $25,695,000 after purchasing an additional 50,900 shares during the last quarter. Assetmark Inc. increased its position in shares of AGNC Investment by 2.1% during the 2nd quarter. Assetmark Inc. now owns 763,444 shares of the real estate investment trust’s stock valued at $14,192,000 after purchasing an additional 16,020 shares during the last quarter. Cue Financial Group Inc. bought a new position in shares of AGNC Investment during the 2nd quarter valued at about $448,000. Wells Fargo & Company MN increased its position in shares of AGNC Investment by 33.0% during the 2nd quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock valued at $192,696,000 after purchasing an additional 2,574,569 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of AGNC Investment by 9.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 134,092 shares of the real estate investment trust’s stock valued at $2,493,000 after purchasing an additional 11,390 shares during the last quarter. 57.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AGNC Investment stock opened at $19.11 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $9.16 billion, a PE ratio of 7.77 and a beta of 0.01. AGNC Investment Corp. has a 12 month low of $17.84 and a 12 month high of $21.94.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 11.69% and a net margin of 134.01%. The business had revenue of $177.00 million for the quarter, compared to analyst estimates of $274.15 million. During the same period last year, the company earned $0.60 EPS. AGNC Investment’s revenue for the quarter was down 2.2% compared to the same quarter last year. research analysts forecast that AGNC Investment Corp. will post 2.44 EPS for the current year.

The business also recently declared a aug 18 dividend, which will be paid on Tuesday, September 11th. Investors of record on Friday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 30th. AGNC Investment’s payout ratio is 87.80%.

In related news, Director Morris A. Davis sold 6,797 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $129,958.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Several equities analysts have recently commented on AGNC shares. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a research report on Monday, July 23rd. ValuEngine lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Maxim Group increased their price objective on AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.46.

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).

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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