Geode Capital Management LLC Increases Stock Position in AGNC Investment Corp. $AGNC

Geode Capital Management LLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,097,741 shares of the real estate investment trust’s stock after purchasing an additional 1,596,244 shares during the period. Geode Capital Management LLC’s holdings in AGNC Investment were worth $312,275,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AGNC. SG Americas Securities LLC lifted its position in shares of AGNC Investment by 19,632.0% in the 4th quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock worth $33,320,000 after purchasing an additional 3,092,436 shares during the period. State Street Corp lifted its position in shares of AGNC Investment by 12.9% in the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after purchasing an additional 1,906,785 shares during the period. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after purchasing an additional 1,591,465 shares during the period. Victory Capital Management Inc. lifted its position in shares of AGNC Investment by 20.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,111,656 shares of the real estate investment trust’s stock worth $69,623,000 after purchasing an additional 1,192,975 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of AGNC Investment in the 3rd quarter worth approximately $11,237,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several research reports. Piper Sandler lowered their price target on shares of AGNC Investment from $12.50 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. UBS Group increased their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.06.

AGNC Investment Trading Down 1.7%

Shares of AGNC Investment stock opened at $10.23 on Tuesday. AGNC Investment Corp. has a 12-month low of $8.80 and a 12-month high of $12.19. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 8.45 and a beta of 1.32. The firm’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $10.77.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The business had revenue of ($114.00) million for the quarter, compared to analyst estimates of $411.57 million. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Friday, May 29th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Friday, May 29th. AGNC Investment’s dividend payout ratio is 119.01%.

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares in the company, valued at $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 215,234 shares of company stock worth $2,364,022 over the last ninety days. Insiders own 0.40% of the company’s stock.

AGNC Investment Company 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.