Fmr LLC decreased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,577,526 shares of the real estate investment trust’s stock after selling 664,897 shares during the quarter. Fmr LLC’s holdings in AGNC Investment were worth $103,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AGNC. DnB Asset Management AS purchased a new position in shares of AGNC Investment during the second quarter worth $933,000. IFM Investors Pty Ltd raised its holdings in shares of AGNC Investment by 38.9% during the second quarter. IFM Investors Pty Ltd now owns 15,808 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 4,425 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of AGNC Investment by 10.8% during the second quarter. Xact Kapitalforvaltning AB now owns 147,462 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 14,421 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of AGNC Investment during the second quarter worth $12,304,000. Finally, BLB&B Advisors LLC purchased a new position in shares of AGNC Investment during the second quarter worth $278,000. 58.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Larry K. Harvey bought 4,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $129,958.64. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Several brokerages recently issued reports on AGNC. BidaskClub cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays reduced their target price on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, October 26th. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a report on Monday, July 23rd. Maxim Group lifted their price objective on shares of AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.29.

AGNC opened at $18.08 on Friday. AGNC Investment Corp. has a fifty-two week low of $17.51 and a fifty-two week high of $20.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.28 and a quick ratio of 0.29. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 2.45 and a beta of 0.10.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The company had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, equities analysts anticipate that AGNC Investment Corp. will post 2.44 EPS for the current year.

The company also recently disclosed a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Thursday, November 29th. AGNC Investment’s payout ratio is 87.80%.

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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).

Further Reading: What is an Initial Public Offering (IPO)?

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

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