CIBC Asset Management Inc Has $197,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

CIBC Asset Management Inc increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,428 shares of the real estate investment trust’s stock after buying an additional 1,075 shares during the quarter. CIBC Asset Management Inc’s holdings in AGNC Investment were worth $197,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AGNC. Charles Schwab Investment Management Inc. boosted its holdings in shares of AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares in the last quarter. Barclays PLC boosted its holdings in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after purchasing an additional 71,330 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its holdings in shares of AGNC Investment by 195.2% in the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock valued at $496,000 after purchasing an additional 35,598 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

AGNC Investment Stock Down 0.1 %

Shares of NASDAQ:AGNC opened at $10.51 on Thursday. The firm has a market cap of $9.30 billion, a P/E ratio of 10.83 and a beta of 1.48. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85. The business has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $9.92.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 148.45%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

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).