Deutsche Bank AG Makes New Investment in AGNC Investment Corp. $AGNC

Deutsche Bank AG purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, Holdings Channel.com reports. The firm purchased 150,886 shares of the real estate investment trust’s stock, valued at approximately $1,645,000.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its position in AGNC Investment by 51.9% during the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 21,897 shares in the last quarter. NewEdge Advisors LLC grew its position in AGNC Investment by 38.4% in the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 6,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after acquiring an additional 387,524 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of AGNC Investment by 57.8% during the 2nd quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 13,793 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of AGNC Investment by 8.9% during the 2nd quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock worth $22,925,000 after purchasing an additional 203,610 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AGNC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Weiss Ratings raised shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.11.

AGNC Investment Trading Down 0.4%

Shares of AGNC Investment stock opened at $10.90 on Friday. The firm has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $10.69. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. AGNC Investment Corp. has a 1-year low of $9.62 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period last year, the business posted ($0.17) EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.