AGNC Investment Corp. (NASDAQ:AGNC) Shares Bought by Huntington National Bank

Huntington National Bank grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 105.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,705 shares of the real estate investment trust’s stock after acquiring an additional 3,445 shares during the quarter. Huntington National Bank’s holdings in AGNC Investment were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AGNC. US Bancorp DE grew its stake in AGNC Investment by 26.3% during the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 13,041 shares during the period. Avantax Advisory Services Inc. boosted its position in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,059 shares during the period. Intech Investment Management LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $149,000. Vanguard Group Inc. raised its position in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of AGNC Investment by 8.1% during the first quarter. Osaic Holdings Inc. now owns 1,173,849 shares of the real estate investment trust’s stock worth $11,622,000 after purchasing an additional 87,938 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.67 on Tuesday. The company’s 50-day simple moving average is $10.08 and its 200-day simple moving average is $9.97. AGNC Investment Corp. has a one year low of $8.57 and a one year high of $10.85. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 6.72 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 last year, the firm posted $0.65 earnings per share. Equities analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AGNC. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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).