Scout Investments Inc. purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, Holdings Channel reports. The firm purchased 5,889,290 shares of the real estate investment trust’s stock, valued at approximately $103,298,000. AGNC Investment accounts for approximately 2.6% of Scout Investments Inc.’s portfolio, making the stock its biggest holding.
A number of other institutional investors have also recently made changes to their positions in AGNC. Qube Research & Technologies Ltd bought a new position in AGNC Investment in the 2nd quarter worth about $127,000. Stratos Wealth Partners LTD. bought a new position in AGNC Investment during the 3rd quarter valued at about $144,000. NEXT Financial Group Inc bought a new position in AGNC Investment during the 3rd quarter valued at about $170,000. First Hawaiian Bank bought a new position in AGNC Investment during the 3rd quarter valued at about $170,000. Finally, Northern Oak Wealth Management Inc. lifted its stake in AGNC Investment by 69.0% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 9,800 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 58.62% of the company’s stock.
In other AGNC Investment news, Director Larry K. Harvey acquired 4,000 shares of the stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.
Shares of NASDAQ:AGNC traded up $0.13 during trading on Friday, hitting $17.89. The company’s stock had a trading volume of 3,313,185 shares, compared to its average volume of 5,273,662. AGNC Investment Corp. has a 12 month low of $16.96 and a 12 month high of $19.85. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $9.39 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.13.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The firm had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter in the prior year, the business earned $0.62 EPS. Analysts expect that AGNC Investment Corp. will post 2.45 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 11th. Stockholders of record on Thursday, January 31st will be paid a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 12.07%. The ex-dividend date is Wednesday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
AGNC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, September 24th. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. upgraded shares of AGNC Investment from a “neutral” rating to an “overweight” rating and upped their target price for the company from $17.50 to $18.00 in a research note on Thursday, December 20th. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Barclays upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $18.00 to $19.00 in a research note on Friday, December 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.25.
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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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