Wells Fargo & Company MN grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 27.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,726,729 shares of the real estate investment trust’s stock after purchasing an additional 376,783 shares during the quarter. Wells Fargo & Company MN owned approximately 0.31% of AGNC Investment worth $24,019,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of AGNC Investment by 182.2% during the 2nd quarter. FMR LLC now owns 14,964,919 shares of the real estate investment trust’s stock worth $193,049,000 after acquiring an additional 9,661,149 shares during the period. Sculptor Capital LP bought a new position in AGNC Investment in the 2nd quarter worth about $99,330,000. Aristeia Capital LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at about $23,290,000. Marshall Wace LLP boosted its position in shares of AGNC Investment by 3,458.9% during the 2nd quarter. Marshall Wace LLP now owns 1,733,559 shares of the real estate investment trust’s stock valued at $22,363,000 after acquiring an additional 1,684,848 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at about $12,745,000. 57.43% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Morris A. Davis sold 2,741 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $14.26, for a total value of $39,086.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.
AGNC stock opened at $15.21 on Friday. AGNC Investment Corp. has a 1-year low of $6.25 and a 1-year high of $19.65. The business has a fifty day moving average price of $14.23 and a 200-day moving average price of $13.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $8.29 billion, a P/E ratio of -29.82 and a beta of 0.97.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Saturday, October 31st. The real estate investment trust reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.24. The company had revenue of $302.00 million during the quarter, compared to analysts’ expectations of $312.69 million. AGNC Investment had a positive return on equity of 16.29% and a negative net margin of 17.91%. AGNC Investment’s revenue for the quarter was up 153.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 2.47 earnings per share for the current year.
The business also recently declared a nov 20 dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Monday, November 30th will be given a $0.12 dividend. This represents a yield of 9.6%. The ex-dividend date is Friday, November 27th. AGNC Investment’s payout ratio is 66.67%.
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).
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