Comerica Bank increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 22.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,694 shares of the real estate investment trust’s stock after purchasing an additional 13,125 shares during the period. Comerica Bank’s holdings in AGNC Investment were worth $1,206,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nuveen Asset Management LLC purchased a new stake in shares of AGNC Investment during the second quarter valued at $61,511,000. Scout Investments Inc. raised its holdings in AGNC Investment by 57.5% in the second quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock worth $152,513,000 after purchasing an additional 3,310,432 shares in the last quarter. BlackRock Inc. raised its holdings in AGNC Investment by 5.5% in the second quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock worth $964,732,000 after purchasing an additional 2,995,801 shares in the last quarter. Carillon Tower Advisers Inc. raised its holdings in AGNC Investment by 60.1% in the second quarter. Carillon Tower Advisers Inc. now owns 6,236,700 shares of the real estate investment trust’s stock worth $104,901,000 after purchasing an additional 2,340,200 shares in the last quarter. Finally, State Treasurer State of Michigan raised its holdings in AGNC Investment by 9.1% in the second quarter. State Treasurer State of Michigan now owns 26,482,030 shares of the real estate investment trust’s stock worth $445,428,000 after purchasing an additional 2,200,000 shares in the last quarter. Institutional investors own 66.98% of the company’s stock.
In other news, Director Morris A. Davis acquired 7,350 shares of AGNC Investment stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $17.02 per share, with a total value of $125,097.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
AGNC Investment stock opened at $17.35 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.03. AGNC Investment Corp. has a 12 month low of $14.51 and a 12 month high of $18.29. The stock’s 50 day simple moving average is $16.52 and its two-hundred day simple moving average is $16.66. The firm has a market cap of $9.34 billion, a PE ratio of 7.38, a P/E/G ratio of 2.73 and a beta of 0.26.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.11. AGNC Investment had a positive return on equity of 11.89% and a negative net margin of 84.94%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $280.17 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts forecast that AGNC Investment Corp. will post 2.11 EPS for the current year.
The company also recently disclosed a nov 19 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. AGNC Investment’s dividend payout ratio is currently 81.70%.
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).
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