US Bancorp DE Acquires 59,159 Shares of AGNC Investment Corp. $AGNC

US Bancorp DE boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 236,948 shares of the real estate investment trust’s stock after buying an additional 59,159 shares during the quarter. US Bancorp DE’s holdings in AGNC Investment were worth $2,320,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management raised its holdings in AGNC Investment by 2.2% in the 3rd quarter. MAI Capital Management now owns 68,758 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 1,513 shares during the period. Aspen Wealth Strategies LLC raised its stake in AGNC Investment by 6.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 28,759 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 1,685 shares during the period. Compound Planning Inc. lifted its holdings in AGNC Investment by 9.0% during the third quarter. Compound Planning Inc. now owns 30,755 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 2,531 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of AGNC Investment by 22.5% in the third quarter. OneDigital Investment Advisors LLC now owns 28,212 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 5,179 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of AGNC Investment by 39.4% during the 3rd quarter. Citigroup Inc. now owns 1,311,549 shares of the real estate investment trust’s stock valued at $12,840,000 after buying an additional 370,525 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Price Performance

AGNC stock opened at $10.97 on Thursday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $12.19. The firm has a market capitalization of $12.16 billion, a P/E ratio of 7.84 and a beta of 1.37. The company has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $10.57. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. Analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 13.1%. AGNC Investment’s payout ratio is 102.86%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several research analyst reports. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wells Fargo & Company increased their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Piper Sandler raised their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.03.

Insider Activity

In other news, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the transaction, the executive vice president owned 552,297 shares in the company, valued at $6,688,316.67. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.42% of the stock is currently owned by company insiders.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.