Geode Capital Management LLC Acquires 2,461,255 Shares of AGNC Investment Corp. $AGNC

Geode Capital Management LLC increased its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 10.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 24,995,789 shares of the real estate investment trust's stock after buying an additional 2,461,255 shares during the quarter. Geode Capital Management LLC owned 2.40% of AGNC Investment worth $229,990,000 at the end of the most recent quarter.

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Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,064 shares during the period. Kovack Advisors Inc. grew its position in shares of AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock valued at $2,130,000 after acquiring an additional 1,186 shares during the period. Huntington National Bank increased its stake in shares of AGNC Investment by 32.2% during the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,199 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 1,237 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of AGNC Investment by 8.8% in the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust's stock worth $149,000 after purchasing an additional 1,256 shares during the period. Institutional investors own 38.28% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AGNC. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a research note on Monday, October 20th. Weiss Ratings restated a "hold (c)" rating on shares of AGNC Investment in a research note on Tuesday, November 11th. UBS Group upped their price target on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Piper Sandler increased their price target on AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.18.

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View Our Latest Research Report on AGNC Investment

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the company's stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Trading Up 0.1%

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Shares of AGNC stock opened at $10.15 on Monday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 15.15 and a beta of 1.34. The company's fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $9.60. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The company had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same period in the previous year, the business earned $0.43 earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment's payout ratio is presently 214.93%.

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).

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