Charles Schwab Investment Management Inc. Has $70.80 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

Charles Schwab Investment Management Inc. increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,768,305 shares of the real estate investment trust’s stock after acquiring an additional 162,152 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.76% of AGNC Investment worth $70,796,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of AGNC Investment during the third quarter worth $25,000. Ashton Thomas Private Wealth LLC bought a new position in AGNC Investment during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its stake in AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,255 shares during the period. Blue Trust Inc. raised its position in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the period. Finally, LRI Investments LLC bought a new position in shares of AGNC Investment during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Up 1.2 %

Shares of AGNC Investment stock opened at $9.76 on Friday. The stock has a market cap of $8.64 billion, a P/E ratio of 6.78 and a beta of 1.47. AGNC Investment Corp. has a 12-month low of $8.62 and a 12-month high of $10.85. The business’s 50 day moving average is $9.98 and its 200-day moving average is $9.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

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

AGNC Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

AGNC has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Royal Bank of Canada boosted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Profile

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).