Jacobs Asset Management LLC Buys 17,900 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Jacobs Asset Management LLC grew its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,000 shares of the real estate investment trust’s stock after purchasing an additional 17,900 shares during the quarter. AGNC Investment makes up 1.7% of Jacobs Asset Management LLC’s holdings, making the stock its 18th biggest position. Jacobs Asset Management LLC’s holdings in AGNC Investment were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in AGNC Investment by 5.4% during the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 1,012 shares during the last quarter. Paragon Capital Management Ltd boosted its position in shares of AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 1,071 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its holdings in AGNC Investment by 10.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,176 shares during the period. Oak Thistle LLC lifted its holdings in shares of AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 1,251 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Trading Down 0.6 %

NASDAQ:AGNC opened at $9.60 on Tuesday. AGNC Investment Corp. has a fifty-two week low of $8.85 and a fifty-two week high of $10.85. The stock has a market capitalization of $8.50 billion, a PE ratio of 6.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The business’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $9.97.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations 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 business posted $0.65 earnings per share. Sell-side analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Wall Street Analyst Weigh In

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