Vanguard Group Inc. Acquires 1,304,782 Shares of AGNC Investment Corp. $AGNC

Vanguard Group Inc. increased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,745,127 shares of the real estate investment trust’s stock after purchasing an additional 1,304,782 shares during the period. Vanguard Group Inc. owned approximately 0.09% of AGNC Investment worth $1,047,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its position in shares of AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the last quarter. Equity Investment Corp lifted its position in shares of AGNC Investment by 1.8% during the 3rd quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after buying an additional 164,386 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of AGNC Investment by 20.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,111,656 shares of the real estate investment trust’s stock worth $69,623,000 after buying an additional 1,192,975 shares during the last quarter. Northern Trust Corp lifted its position in shares of AGNC Investment by 1.9% during the 3rd quarter. Northern Trust Corp now owns 6,756,193 shares of the real estate investment trust’s stock worth $66,143,000 after buying an additional 128,709 shares during the last quarter. Finally, Davidson Investment Advisors lifted its position in shares of AGNC Investment by 12.6% during the 3rd quarter. Davidson Investment Advisors now owns 4,295,811 shares of the real estate investment trust’s stock worth $42,056,000 after buying an additional 482,130 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Friday, March 27th. Piper Sandler lowered their target price on AGNC Investment from $12.50 to $10.50 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Barclays upped their target price on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. UBS Group upped their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, JonesTrading cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.06.

AGNC Investment Price Performance

Shares of AGNC opened at $10.94 on Friday. AGNC Investment Corp. has a 12-month low of $8.61 and a 12-month high of $12.19. The business has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $10.71. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.29 billion, a PE ratio of 9.04 and a beta of 1.35.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.63% and a net margin of 39.50%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $411.57 million. Analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, May 11th. Stockholders of record on Thursday, April 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment’s dividend payout ratio is presently 119.01%.

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 193,234 shares of company stock valued at $2,126,862 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.