In recent updates, various institutional investors have changed their stakes in AGNC Investment. Vanguard Group raised its shares by 10.5%, now holding 63.3 million shares valued at $621.6 million. ORG Wealth Partners entered with a new stake worth about $17.5 million. Boston Partners increased their stake by 522.4%, owning 1.4 million shares worth $14.2 million. Equity Investment Corp increased by 16.2% to own 6.87 million shares worth $68 million. 1832 Asset Management also bought in for about $7.9 million. Overall, institutional investors own 38.28% of the company.
AGNC Investment Stock Update
The stock opened at $10.49 on Thursday, with a yearly range of $6.81 to $10.85. It has a market cap of $7.63 billion, price-to-earnings ratio of 11.53, and a beta of 1.47. The debt-to-equity ratio is 0.01.
Latest Earnings Results
AGNC reported a quarterly EPS of $0.53, which is slightly below the expected $0.54. Revenue was $695 million, above the $643 million estimate, showing a 52.1% increase year-over-year. Analysts predict an EPS of 2.11 for the current fiscal year.
Dividend Announcement
The company announced a $0.12 dividend to be paid on November 12, with a yield of 14%. The record date is October 31.
Insider Transactions
CFO Bernice Bell sold 5,000 shares at $9.97 each, totaling about $49,850. She still owns 308,182 shares valued at approximately $3.07 million. Insiders hold 0.52% of the company.
Analyst Ratings
Recent reports show mixed ratings for AGNC. Wells Fargo upgraded it to “overweight” with a target of $12, while others set a price target of $11. The consensus rating is “Moderate Buy” with an average price target of $10.33.
Company Profile
AGNC Investment Corp, a real estate investment trust, invests in agency residential mortgage-backed securities, backed by government-sponsored enterprises.
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For the latest hedge fund activities with AGNC, visit HoldingsChannel.com.
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