Savvy Advisors Inc. grew its position in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,310 shares of the real estate investment trust’s stock after purchasing an additional 12,275 shares during the period. Savvy Advisors Inc.’s holdings in AGNC Investment were worth $746,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthPLAN Partners LLC bought a new position in AGNC Investment in the 3rd quarter worth about $123,000. GSA Capital Partners LLP grew its position in AGNC Investment by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 81,877 shares of the real estate investment trust’s stock worth $856,000 after purchasing an additional 38,695 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of AGNC Investment by 4.2% in the 3rd quarter. Harbour Investments Inc. now owns 34,618 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 1,391 shares during the period. Sigma Planning Corp lifted its stake in shares of AGNC Investment by 6.3% in the 3rd quarter. Sigma Planning Corp now owns 121,769 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 7,222 shares during the period. Finally, Atria Investments Inc lifted its stake in shares of AGNC Investment by 5.4% in the 3rd quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 1,564 shares during the period. Institutional investors own 38.28% of the company’s stock.
AGNC Investment Stock Down 2.2 %
AGNC stock opened at $9.47 on Wednesday. AGNC Investment Corp. has a 12 month low of $8.25 and a 12 month high of $10.85. The firm has a market cap of $8.39 billion, a PE ratio of 6.58 and a beta of 1.47. The firm has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.27.
AGNC Investment Dividend Announcement
The company also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.
Analyst Ratings Changes
A number of analysts have recently weighed in on AGNC shares. Royal Bank of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.
Read Our Latest Report on AGNC Investment
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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