Acadian Asset Management LLC increased its position in shares of American Capital Agency Corp. (NASDAQ:AGNC) by 35.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,610,700 shares of the real estate investment trust’s stock after buying an additional 1,453,704 shares during the period. Acadian Asset Management LLC owned about 1.69% of American Capital Agency Corp. worth $119,451,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ICM Asset Management Inc. WA increased its position in shares of American Capital Agency Corp. by 9.8% in the fourth quarter. ICM Asset Management Inc. WA now owns 112,989 shares of the real estate investment trust’s stock worth $2,048,000 after buying an additional 10,125 shares during the last quarter. Bank of Montreal Can increased its position in shares of American Capital Agency Corp. by 24.6% in the first quarter. Bank of Montreal Can now owns 130,213 shares of the real estate investment trust’s stock worth $2,590,000 after buying an additional 25,735 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of American Capital Agency Corp. during the fourth quarter worth about $632,000. Aberdeen Asset Management PLC UK increased its position in shares of American Capital Agency Corp. by 3.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 769,002 shares of the real estate investment trust’s stock worth $15,295,000 after buying an additional 25,875 shares during the last quarter. Finally, Pekin Singer Strauss Asset Management IL increased its position in shares of American Capital Agency Corp. by 2.6% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 19,430 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 500 shares during the last quarter. 54.83% of the stock is currently owned by institutional investors and hedge funds.
American Capital Agency Corp. (NASDAQ AGNC) opened at 21.17 on Thursday. American Capital Agency Corp. has a 52 week low of $17.30 and a 52 week high of $22.34.
American Capital Agency Corp. (NASDAQ:AGNC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. American Capital Agency Corp. had a return on equity of 11.46% and a net margin of 158.34%. The firm had revenue of $181 million for the quarter, compared to analyst estimates of $203.44 million. During the same quarter in the prior year, the company earned $0.73 EPS. American Capital Agency Corp.’s revenue was down 16.6% on a year-over-year basis. Equities analysts predict that American Capital Agency Corp. will post $2.43 EPS for the current year.
The company also recently announced a jul 17 dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, July 27th. American Capital Agency Corp.’s payout ratio is 49.54%.
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AGNC has been the topic of a number of research analyst reports. Deutsche Bank AG boosted their price objective on shares of American Capital Agency Corp. from $18.50 to $19.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research raised shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, May 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.50 price objective on shares of American Capital Agency Corp. in a research report on Tuesday, May 30th. BidaskClub downgraded shares of American Capital Agency Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Wells Fargo & Company downgraded shares of American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.87.
In related news, Director Morris A. Davis sold 3,741 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $20.80, for a total transaction of $77,812.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
American Capital Agency Corp. 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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