AGNC Investment Corp. (AGNC) Holdings Lifted by Artemis Investment Management LLP
Artemis Investment Management LLP raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 550.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,256,358 shares of the real estate investment trust’s stock after buying an additional 1,063,303 shares during the period. Artemis Investment Management LLP owned about 0.26% of AGNC Investment worth $23,400,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in AGNC Investment by 4.8% in the third quarter. Alliancebernstein L.P. now owns 284,063 shares of the real estate investment trust’s stock valued at $5,292,000 after buying an additional 12,996 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in AGNC Investment by 32.1% in the third quarter. Commonwealth Bank of Australia now owns 377,178 shares of the real estate investment trust’s stock valued at $7,022,000 after buying an additional 91,600 shares in the last quarter. MML Investors Services LLC increased its holdings in AGNC Investment by 19.0% in the third quarter. MML Investors Services LLC now owns 21,325 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 3,409 shares in the last quarter. Rhumbline Advisers increased its holdings in AGNC Investment by 8.5% in the third quarter. Rhumbline Advisers now owns 433,405 shares of the real estate investment trust’s stock valued at $8,074,000 after buying an additional 33,847 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in AGNC Investment by 2.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 436,789 shares of the real estate investment trust’s stock valued at $8,138,000 after buying an additional 10,700 shares in the last quarter. 62.60% of the stock is owned by institutional investors.
In related news, Director Larry K. Harvey bought 4,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was acquired at an average price of $17.74 per share, with a total value of $70,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Morris A. Davis sold 6,797 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was 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 owned by insiders.
AGNC stock opened at $17.54 on Tuesday. The stock has a market cap of $8.49 billion, a PE ratio of 7.13, a P/E/G ratio of 2.41 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a 52 week low of $17.26 and a 52 week high of $20.84.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $324.65 million. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. 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 fiscal year.
The business also recently announced a nov 18 dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 12.16%. AGNC Investment’s dividend payout ratio is currently 87.80%.
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About AGNC Investment
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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