Blue Trust Inc. Acquires 2,966 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Blue Trust Inc. raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 315.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,905 shares of the real estate investment trust’s stock after acquiring an additional 2,966 shares during the quarter. Blue Trust Inc.’s holdings in AGNC Investment were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGNC. Riverview Trust Co purchased a new position in shares of AGNC Investment during the 3rd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,255 shares during the period. LRI Investments LLC purchased a new position in shares of AGNC Investment during the 1st quarter worth approximately $38,000. Finally, Quarry LP grew its holdings in shares of AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 2,275 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the completion of the sale, the chief financial officer now owns 308,182 shares in the company, valued at approximately $3,072,574.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

AGNC Investment Price Performance

NASDAQ AGNC opened at $9.31 on Friday. The business’s fifty day moving average price is $10.25 and its 200-day moving average price is $9.93. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.47 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment’s dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AGNC shares. Royal Bank of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Company 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).