Jacobs Asset Management LLC Has $2.62 Million Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Jacobs Asset Management LLC increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 250,000 shares of the real estate investment trust’s stock after buying an additional 17,900 shares during the period. AGNC Investment accounts for approximately 1.7% of Jacobs Asset Management LLC’s holdings, making the stock its 18th biggest position. Jacobs Asset Management LLC’s holdings in AGNC Investment were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in AGNC Investment during the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its position in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Blue Trust Inc. grew its stake in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares during the period. Finally, Quarry LP raised its holdings in shares of AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,275 shares during the period. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.60 on Tuesday. The stock has a market cap of $8.50 billion, a P/E ratio of 6.67 and a beta of 1.47. The stock’s fifty day moving average is $9.93 and its 200 day moving average is $9.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. AGNC Investment Corp. has a one year low of $8.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AGNC shares. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Royal Bank of Canada boosted their target price 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. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Company 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).