AGNC Investment Corp. (NASDAQ:AGNC) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,048,520 shares of the real estate investment trust’s stock after acquiring an additional 32,813 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.11% of AGNC Investment worth $76,783,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in AGNC Investment in the 4th quarter worth approximately $69,215,000. Russell Investments Group Ltd. raised its holdings in AGNC Investment by 397.8% during the 4th quarter. Russell Investments Group Ltd. now owns 816,904 shares of the real estate investment trust’s stock worth $8,015,000 after buying an additional 652,799 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth about $152,000. Brown Advisory Inc. acquired a new position in shares of AGNC Investment during the 4th quarter worth about $99,000. Finally, Virtu Financial LLC acquired a new position in AGNC Investment during the fourth quarter worth $717,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

AGNC Investment Price Performance

Shares of AGNC Investment stock remained flat at $10.31 during trading hours on Tuesday. The stock had a trading volume of 813,799 shares, compared to its average volume of 12,443,542. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.57. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 11.33 and a beta of 1.48. The business has a 50 day moving average price of $9.99 and a two-hundred day moving average price of $9.72.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. During the same quarter last year, the business posted $0.67 earnings per share. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. On average, research analysts forecast that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 14.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AGNC shares. JPMorgan Chase & Co. upped their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price on the stock. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.13.

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).