Jacobs Asset Management LLC Raises Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Jacobs Asset Management LLC grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 50.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 375,300 shares of the real estate investment trust’s stock after buying an additional 125,300 shares during the quarter. AGNC Investment accounts for about 2.1% of Jacobs Asset Management LLC’s portfolio, making the stock its 19th biggest position. Jacobs Asset Management LLC’s holdings in AGNC Investment were worth $3,457,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Financial Life Planners purchased a new position in shares of AGNC Investment in the 4th quarter worth $28,000. National Bank of Canada FI boosted its holdings in shares of AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,832 shares during the last quarter. Spire Wealth Management grew its position in AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,972 shares during the period. CoreCap Advisors LLC increased its holdings in AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,229 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in AGNC Investment by 150.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 3,000 shares during the period. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $8.79 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85. The business has a 50 day simple moving average of $9.24 and a two-hundred day simple moving average of $9.56. The stock has a market capitalization of $8.97 billion, a PE ratio of 9.06 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period in the prior year, the company earned $0.58 EPS. On average, research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be issued a $0.12 dividend. This represents a dividend yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment’s dividend payout ratio (DPR) is 360.00%.

Insider Activity

In other news, EVP Kenneth L. Pollack sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the sale, the executive vice president now owns 447,841 shares in the company, valued at approximately $4,044,004.23. This trade represents a 3.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernice Bell sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president now directly owns 374,019 shares of the company’s stock, valued at approximately $3,321,288.72. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,384 shares of company stock valued at $1,228,039. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AGNC has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada cut their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Jones Trading reduced their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Argus restated a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.96.

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).