IPG Investment Advisors LLC lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 32.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,100 shares of the real estate investment trust’s stock after selling 14,410 shares during the quarter. IPG Investment Advisors LLC’s holdings in AGNC Investment were worth $608,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Candriam Luxembourg S.C.A. increased its stake in AGNC Investment by 16.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 50,332 shares of the real estate investment trust’s stock valued at $1,016,000 after purchasing an additional 7,004 shares in the last quarter. Sigma Planning Corp increased its stake in AGNC Investment by 26.2% during the 4th quarter. Sigma Planning Corp now owns 17,662 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 3,667 shares in the last quarter. Grisanti Capital Management LLC bought a new stake in AGNC Investment during the 4th quarter valued at $192,000. KBC Group NV increased its stake in AGNC Investment by 1.2% during the 4th quarter. KBC Group NV now owns 746,780 shares of the real estate investment trust’s stock valued at $15,077,000 after purchasing an additional 8,957 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in AGNC Investment by 3.5% during the 4th quarter. California Public Employees Retirement System now owns 1,336,562 shares of the real estate investment trust’s stock valued at $26,985,000 after purchasing an additional 45,710 shares in the last quarter. Institutional investors and hedge funds own 65.60% of the company’s stock.
Shares of AGNC Investment Corp. (AGNC) opened at $18.58 on Monday. AGNC Investment Corp. has a one year low of $17.94 and a one year high of $22.34. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7,270.35, a price-to-earnings ratio of 9.48 and a beta of -0.01.
AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 86.72% and a return on equity of 12.17%. The firm had revenue of $212.00 million during the quarter, compared to analyst estimates of $204.32 million. During the same quarter in the prior year, the business posted $0.64 EPS. research analysts expect that AGNC Investment Corp. will post 2.41 earnings per share for the current year.
The company also recently announced a jan 18 dividend, which was paid on Thursday, February 8th. Stockholders of record on Wednesday, January 31st were paid a $0.18 dividend. The ex-dividend date was Tuesday, January 30th. This represents a dividend yield of 11.09%. AGNC Investment’s payout ratio is 110.20%.
AGNC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Tuesday, October 24th. BidaskClub lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Maxim Group reiterated a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research note on Thursday, February 1st. Barclays reduced their target price on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 target price on shares of AGNC Investment in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. AGNC Investment presently has a consensus rating of “Hold” and a consensus target price of $20.63.
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AGNC Investment 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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