Russell Investments Group Ltd. Increases Stake in AGNC Investment Corp. (NASDAQ:AGNC)

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Russell Investments Group Ltd. raised its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,268 shares of the real estate investment trust’s stock after buying an additional 272,486 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of AGNC Investment worth $21,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Panagora Asset Management Inc. grew its holdings in AGNC Investment by 77.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 34,173 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 14,874 shares in the last quarter. GW&K Investment Management LLC grew its holdings in AGNC Investment by 10.5% during the 2nd quarter. GW&K Investment Management LLC now owns 1,060,762 shares of the real estate investment trust’s stock valued at $17,842,000 after buying an additional 100,692 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in AGNC Investment by 6.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 516,722 shares of the real estate investment trust’s stock valued at $8,303,000 after buying an additional 33,173 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of AGNC Investment by 13.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 197,394 shares of the real estate investment trust’s stock valued at $3,320,000 after acquiring an additional 23,131 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of AGNC Investment by 149.3% during the 2nd quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 896 shares during the last quarter. 64.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ AGNC traded up $0.11 during midday trading on Friday, reaching $17.31. 4,875,700 shares of the stock traded hands, compared to its average volume of 5,169,564. The company’s 50 day moving average is $16.39 and its 200 day moving average is $16.68. AGNC Investment Corp. has a one year low of $14.51 and a one year high of $18.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $9.30 billion, a PE ratio of 7.37, a P/E/G ratio of 2.83 and a beta of 0.26.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. AGNC Investment had a positive return on equity of 11.86% and a negative net margin of 84.94%. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $280.17 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current year.

The business also recently announced a oct 19 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $0.16 dividend. The ex-dividend date is Tuesday, October 29th. This represents a yield of 11.9%. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.

A number of research firms have recently commented on AGNC. Royal Bank of Canada began coverage on AGNC Investment in a research report on Wednesday, October 2nd. They set a “sector perform” rating and a $16.00 target price for the company. BidaskClub upgraded AGNC Investment from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.57.

In related news, Director Morris A. Davis bought 7,350 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $17.02 per share, for a total transaction of $125,097.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

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).

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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