Asset

Meeder Asset Management Inc. buys shares of 16,946 AGNC Investment Corp. (NASDAQ: AGNC)


Meeder Asset Management Inc. acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund bought 16,946 shares of the real estate investment trust, valued at around $222,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGNC. Qube Research & Technologies Ltd increased its position in AGNC Investment by 236.3% in the fourth quarter. Qube Research & Technologies Ltd now owns 2,054,977 shares of the real estate investment trust worth $30,907,000 after acquiring an additional 1,443,904 shares in the last quarter. The Toronto Dominion Bank increased its position in AGNC Investment by 8.5% in the fourth quarter. The Toronto Dominion Bank now owns 165,850 shares of the real estate investment trust valued at $2,494,000 after acquiring 12,927 additional shares in the last quarter. Envestnet Asset Management Inc. increased its holdings of AGNC Investment shares by 10.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 410,599 shares of the real estate investment trust worth $6,175,000 after purchasing an additional 40,091 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings of AGNC Investment shares by 7.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 131,497 shares of the real estate investment trust worth $2,032,000 after purchasing an additional 9,536 shares in the last quarter. Finally, Crawford Investment Counsel Inc. increased its holdings of AGNC Investment shares by 0.7% during the fourth quarter. Crawford Investment Counsel Inc. now owns 362,080 shares of the real estate investment trust worth $5,446,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors hold 47.52% of the company’s shares.

AGNC Investment Price Performance

Shares of AGNC opened at $12.51 on Friday. AGNC Investment Corp. has a 52-week minimum of $9.99 and a 52-week maximum of $16.75. The company has a debt ratio of 0.02, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50-day moving average price is $11.79 and its two-hundred-day moving average price is $12.38. The company has a market capitalization of $6.54 billion, a PE ratio of -6.55 and a beta of 1.07.

AGNC Investment (NASDAQ:AGNC – Get Rating) released its quarterly results for the last time on Monday, July 25. The real estate investment trust reported earnings per share (EPS) of $0.83 for the quarter, beating the consensus estimate of $0.59 by $0.24. AGNC Investment recorded a positive return on equity of 20.36% and a negative net margin of 69.82%. The company posted revenue of $315.00 million for the quarter, versus analyst estimates of $323.75 million. In the same period a year earlier, the company earned earnings per share of $0.76. The company’s revenue increased by 35.8% compared to the same quarter last year. On average, stock analysts expect AGNC Investment Corp. will post an EPS of 2.7 for the current year.

AGNC Investment Dividend Announcement

The company also recently declared an August 22 dividend, which will be paid on Monday, September 12. Shareholders of record on Wednesday August 31 will receive a dividend of $0.12. This represents a return of 11.3%. The ex-dividend date is Tuesday, August 30. AGNC Investment’s dividend payout ratio (DPR) is currently -75.39%.

Wall Street analysts predict growth

AGNC has been the subject of several research reports. Maxim Group reduced its price target on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4. Credit Suisse Group cut its price target on AGNC Investment to $12.50 and gave the stock an “na” rating in a Monday, May 16 report. JPMorgan Chase & Co. downgraded AGNC Investment from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $14.50 to $11.50 in a report on Monday 25 april. Barclays cut its price target on AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27. Finally, Piper Sandler upgraded AGNC Investment from a “neutral” rating to an “overweight” rating and reduced its price target for the company from $13.50 to $13.00 in a Thursday, May 5 report. Five investment analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.00.

AGNC Investment Company Profile

(Get a rating)

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 pass-through residential mortgage-backed securities and secured mortgage bonds (CMOs) for which principal and interest payments are guaranteed by a government-sponsored company, 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, the GSE).

Recommended Stories

Institutional ownership by quarter for AGNC Investment (NASDAQ:AGNC)



Get news and reviews for AGNC Investment Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for AGNC Investment and related companies with MarketBeat.com’s free daily email newsletter.