BNP Paribas Financial Markets Acquires 753,102 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

BNP Paribas Financial Markets raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 383.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 949,369 shares of the real estate investment trust’s stock after purchasing an additional 753,102 shares during the quarter. BNP Paribas Financial Markets’ holdings in AGNC Investment were worth $9,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AGNC. Vaughan Nelson Investment Management L.P. lifted its position in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after buying an additional 9,639,675 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after acquiring an additional 2,916,345 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of AGNC Investment during the third quarter worth approximately $17,463,000. International Assets Investment Management LLC grew its stake in shares of AGNC Investment by 945.2% during the third 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 purchasing an additional 969,475 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of AGNC Investment by 34.1% in the third 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 purchasing an additional 870,856 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Down 1.0 %

Shares of NASDAQ AGNC opened at $9.66 on Monday. AGNC Investment Corp. has a 52-week low of $8.79 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $8.56 billion, a P/E ratio of 6.71 and a beta of 1.47. The firm has a 50 day moving average price of $9.95 and a 200 day moving average price of $9.97.

AGNC Investment (NASDAQ:AGNC) last released 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 quarter in the prior year, the company earned $0.65 EPS. Analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued 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 (DPR) is presently 100.00%.

Analysts Set New Price Targets

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

AGNC Investment Company 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).