Confluence Investment Management LLC Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Confluence Investment Management LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, Holdings Channel.com reports. The fund acquired 41,958 shares of the real estate investment trust’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AGNC. Vaughan Nelson Investment Management L.P. lifted its stake in AGNC Investment by 200.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after buying an additional 9,639,675 shares during the period. Natixis Advisors LLC boosted its position in shares of AGNC Investment by 314.8% during the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after purchasing an additional 2,916,345 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in AGNC Investment in the 3rd quarter valued at about $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AGNC Investment by 115.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after acquiring an additional 1,023,275 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings 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 acquiring an additional 969,475 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the subject of several research reports. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given 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 $10.44.

AGNC Investment Stock Performance

AGNC stock opened at $9.44 on Friday. The firm has a market cap of $8.36 billion, a PE ratio of 6.56 and a beta of 1.47. The business has a 50 day moving average of $9.52 and a 200-day moving average of $9.93. 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 Corp. has a 12-month low of $8.92 and a 12-month high of $10.85.

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). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter last year, the business posted $0.65 earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment’s payout ratio is 100.00%.

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).