Daiwa Securities Group Inc. lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 33.1% during the fourth quarter, HoldingsChannel reports. The firm owned 11,100 shares of the real estate investment trust’s stock after selling 5,500 shares during the period. Daiwa Securities Group Inc.’s holdings in AGNC Investment were worth $224,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of AGNC. Aperio Group LLC boosted its stake in AGNC Investment by 38.3% in 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 purchasing an additional 427,944 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of AGNC Investment during the third quarter valued at $223,000. JFS Wealth Advisors LLC lifted its stake in shares of AGNC Investment by 10.2% during the third quarter. JFS Wealth Advisors LLC now owns 55,962 shares of the real estate investment trust’s stock valued at $1,213,000 after acquiring an additional 5,167 shares during the period. Summit Securities Group LLC lifted its stake in shares of AGNC Investment by 25.2% during the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 2,700 shares during the period. Finally, Andra AP fonden lifted its stake in shares of AGNC Investment by 2.9% during the third quarter. Andra AP fonden now owns 733,060 shares of the real estate investment trust’s stock valued at $15,893,000 after acquiring an additional 20,416 shares during the period. 64.25% of the stock is currently owned by institutional investors.
In other AGNC Investment news, CFO Peter J. Federico sold 13,500 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total value of $250,290.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 12.17% and a net margin of 86.72%. The firm had revenue of $212.00 million for the quarter, compared to analyst estimates of $204.32 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. analysts forecast that AGNC Investment Corp. will post 2.41 EPS for the current fiscal year.
The business also recently announced a feb 18 dividend, which will be paid on Thursday, March 8th. Shareholders of record on Wednesday, February 28th will be paid a $0.18 dividend. This represents a yield of 11.45%. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s payout ratio is 110.20%.
Several equities analysts have recently issued reports on AGNC shares. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, October 24th. BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Maxim Group reaffirmed a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Barclays cut their price target on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price target on shares of AGNC Investment in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.63.
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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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