Geode Capital Management LLC Grows Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Geode Capital Management LLC increased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 12,303,616 shares of the real estate investment trust’s stock after buying an additional 242,640 shares during the quarter. Geode Capital Management LLC’s holdings in AGNC Investment were worth $128,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of AGNC Investment during the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in AGNC Investment during the 2nd quarter worth approximately $31,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment in the 3rd quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGNC has been the topic of several recent research reports. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Trading Down 0.8 %

Shares of AGNC Investment stock opened at $9.57 on Wednesday. The company has a 50-day moving average of $9.78 and a two-hundred day moving average of $9.96. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

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).