Commonwealth Bank of Australia increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 51.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,400 shares of the real estate investment trust’s stock after acquiring an additional 17,500 shares during the quarter. Commonwealth Bank of Australia’s holdings in AGNC Investment were worth $1,109,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AGNC. Capstone Asset Management Co. bought a new position in AGNC Investment in the 2nd quarter worth approximately $219,000. SG Americas Securities LLC boosted its stake in AGNC Investment by 67.6% in the 2nd quarter. SG Americas Securities LLC now owns 159,359 shares of the real estate investment trust’s stock worth $3,393,000 after purchasing an additional 64,299 shares during the period. Private Advisor Group LLC boosted its stake in AGNC Investment by 55.2% in the 2nd quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock worth $590,000 after purchasing an additional 9,784 shares during the period. Wells Fargo & Company MN boosted its stake in AGNC Investment by 17.6% in the 2nd quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after purchasing an additional 987,395 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its stake in AGNC Investment by 9.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 844,469 shares of the real estate investment trust’s stock worth $17,979,000 after purchasing an additional 75,467 shares during the period. 65.74% of the stock is owned by institutional investors.
AGNC Investment Corp. (NASDAQ AGNC) opened at $20.36 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7,833.74, a P/E ratio of 7.88 and a beta of 0.14. AGNC Investment Corp. has a 52-week low of $17.30 and a 52-week high of $22.34.
The company also recently announced a nov 17 dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 29th. This represents a dividend yield of 11%. AGNC Investment’s dividend payout ratio is currently 53.20%.
Several research analysts have weighed in on the company. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company restated a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Friday, December 1st. Zacks Investment Research downgraded AGNC Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Maxim Group restated a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.18.
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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