Institutional investors have been adjusting their holdings in AGNC Investment. Vanguard Group Inc. boosted its stake by 10.5%, now owning over 63 million shares valued at $621 million. ORG Wealth Partners LLC bought in for approximately $17 million, while Boston Partners raised its stake by over 522%. Equity Investment Corp. increased its stake by 16%, and 1832 Asset Management L.P. also acquired shares worth about $7.9 million. Institutional investors now hold 38.28% of AGNC shares.
AGNC Investment Up 1.3%
AGNC shares opened at $10.60, with a market cap of $7.71 billion. The company has a P/E ratio of 11.65 and a beta of 1.47. Its stock has ranged from a low of $6.81 to a high of $10.85 over the past year. Key ratios include a debt-to-equity ratio of 0.01 and a quick ratio of 0.27.
AGNC recently reported a quarterly EPS of $0.53, missing estimates by $0.01, but revenue was strong at $695 million, surpassing expectations. Year-over-year revenue grew by 52.1%, and analysts predict an EPS of 2.11 for the fiscal year.
AGNC Dividend Update
A dividend of $0.12 per share will be paid on November 12 to shareholders of record by October 31, yielding 14%. The ex-dividend date is also October 31, with a dividend payout ratio of 158.24%.
Insider Trading
CFO Bernice Bell sold 5,000 shares on August 8 for about $50,350, maintaining a holding of 298,182 shares valued at $3 million. Insiders own 0.52% of AGNC.
Analyst Insights
Recent ratings on AGNC include a downgrade from Maxim Group, a maintained “market perform” from JMP Securities, and an upgrade to “overweight” from Wells Fargo, raising the target price to $12. Overall, there are 1 sell, 4 hold, and 7 buy ratings, with an average rating of “Moderate Buy” and a price target of $10.33.
About AGNC Investment
AGNC Investment Corp. is a REIT that invests in agency mortgage-backed securities, guaranteed by government entities like Fannie Mae and Freddie Mac.
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