PNC Financial Services Group Inc. Has $206,000 Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

PNC Financial Services Group Inc. lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,021 shares of the real estate investment trust’s stock after purchasing an additional 6,369 shares during the period. PNC Financial Services Group Inc.’s holdings in AGNC Investment were worth $206,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in AGNC Investment during the 4th quarter worth $69,215,000. Vanguard Group Inc. lifted its stake in shares of AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after acquiring an additional 6,019,268 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in AGNC Investment in the fourth quarter valued at about $38,593,000. GRS Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter worth about $32,509,000. Finally, Victory Capital Management Inc. raised its holdings in AGNC Investment by 150.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock worth $50,775,000 after purchasing an additional 3,109,966 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders sold 15,900 shares of company stock worth $149,030 over the last quarter. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AGNC has been the topic of several recent research reports. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Jonestrading lowered their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Janney Montgomery Scott initiated coverage on AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.88.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.66 on Wednesday. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.62 and a beta of 1.48. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $9.63 and a 200-day moving average of $9.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period in the prior year, the company earned $0.70 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a jun 24 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a $0.12 dividend. This represents a yield of 14.8%. The ex-dividend date of this dividend is Friday, June 28th. AGNC Investment’s payout ratio is currently 158.24%.

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).