US Bancorp DE Grows Stake in AGNC Investment Corp. $AGNC

US Bancorp DE increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 33.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,948 shares of the real estate investment trust’s stock after buying an additional 59,159 shares during the period. US Bancorp DE’s holdings in AGNC Investment were worth $2,320,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AGNC. Atlantic Union Bankshares Corp purchased a new stake in shares of AGNC Investment during the 3rd quarter valued at $29,000. WFA of San Diego LLC purchased a new position in shares of AGNC Investment in the 2nd quarter worth about $37,000. Huntington National Bank boosted its holdings in shares of AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,199 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of AGNC Investment during the second quarter worth approximately $46,000. Finally, Fourth Dimension Wealth LLC lifted its holdings in shares of AGNC Investment by 78.6% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 5,000 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 2,200 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Down 0.3%

AGNC stock opened at $10.97 on Thursday. The business has a 50 day moving average of $11.36 and a 200 day moving average of $10.57. The firm has a market cap of $12.16 billion, a PE ratio of 7.84 and a beta of 1.37. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. 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 posted its quarterly 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). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the transaction, the executive vice president owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president owned 491,728 shares in the company, valued at $5,969,577.92. This represents a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 775,000 shares of company stock worth $9,246,000. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 29th. Barclays raised their price target on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. BTIG Research lowered AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. JonesTrading lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.03.

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.