Legal & General Group Plc Acquires 140,831 Shares of AGNC Investment Corp. (AGNC)

Legal & General Group Plc lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 6.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,247,884 shares of the real estate investment trust’s stock after purchasing an additional 140,831 shares during the quarter. Legal & General Group Plc owned 0.57% of AGNC Investment worth $48,731,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AGNC. Wells Fargo & Company MN boosted its stake in AGNC Investment by 17.6% during the second quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after buying an additional 987,395 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in AGNC Investment by 6.4% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,003,301 shares of the real estate investment trust’s stock worth $21,752,000 after buying an additional 60,341 shares during the period. Martingale Asset Management L P boosted its stake in AGNC Investment by 372.2% during the second quarter. Martingale Asset Management L P now owns 1,042,044 shares of the real estate investment trust’s stock worth $22,186,000 after buying an additional 821,363 shares during the period. Aperio Group LLC boosted its stake in AGNC Investment by 38.3% during the third quarter. Aperio Group LLC now owns 1,543,880 shares of the real estate investment trust’s stock worth $33,471,000 after buying an additional 427,944 shares during the period. Finally, Advisor Group Inc. boosted its stake in AGNC Investment by 34.7% during the third quarter. Advisor Group Inc. now owns 60,779 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 15,666 shares during the period. 65.74% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on AGNC shares. Maxim Group reaffirmed a “buy” rating and set a $21.25 price objective on shares of AGNC Investment in a research note on Friday, October 27th. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, October 24th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. Finally, BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.18.

Shares of AGNC Investment Corp. (NASDAQ:AGNC) opened at $20.26 on Thursday. AGNC Investment Corp. has a 52-week low of $17.30 and a 52-week high of $22.34. The firm has a market capitalization of $7,951.13, a price-to-earnings ratio of 8.00 and a beta of 0.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. The business had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.50 million. During the same period last year, the company earned $0.67 earnings per share. equities research analysts predict that AGNC Investment Corp. will post 2.55 EPS for the current year.

The firm 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 of this dividend is Wednesday, November 29th. This represents a dividend yield of 11%. AGNC Investment’s dividend payout ratio (DPR) is 53.20%.

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

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