Savvy Advisors Inc. Increases Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Savvy Advisors Inc. grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 20.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,310 shares of the real estate investment trust’s stock after buying an additional 12,275 shares during the period. Savvy Advisors Inc.’s holdings in AGNC Investment were worth $746,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AGNC. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after buying an additional 2,368,658 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of AGNC Investment during the 3rd quarter valued at $17,463,000. Boston Partners lifted its holdings in shares of AGNC Investment by 522.4% during the 1st quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock valued at $14,229,000 after acquiring an additional 1,206,714 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of AGNC Investment by 945.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock valued at $102,489,000 after acquiring an additional 969,475 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of AGNC Investment by 34.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock valued at $34,074,000 after acquiring an additional 870,856 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

AGNC opened at $9.47 on Wednesday. The company has a 50-day moving average of $10.13 and a 200-day moving average of $9.96. The company has a market capitalization of $8.39 billion, a P/E ratio of 6.58 and a beta of 1.47. AGNC Investment Corp. has a 1-year low of $8.25 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.23.

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

AGNC Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGNC. Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

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).