Hsbc Holdings PLC Acquires 5,590 Shares of AGNC Investment Corp. $AGNC

Hsbc Holdings PLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 30.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,849 shares of the real estate investment trust’s stock after acquiring an additional 5,590 shares during the period. Hsbc Holdings PLC’s holdings in AGNC Investment were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AGNC. MetLife Investment Management LLC raised its position in shares of AGNC Investment by 10.5% in the 4th quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,359 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in AGNC Investment by 11.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 219,484 shares of the real estate investment trust’s stock valued at $2,021,000 after buying an additional 21,995 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in AGNC Investment in the 4th quarter valued at about $251,000. Captrust Financial Advisors increased its position in AGNC Investment by 12.4% in the 4th quarter. Captrust Financial Advisors now owns 58,951 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 6,511 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in AGNC Investment in the 4th quarter valued at about $108,000. 38.28% of the stock is owned by institutional investors.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the transaction, the director owned 112,685 shares in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jones Trading reaffirmed a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group boosted their target price on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.63.

AGNC Investment Price Performance

AGNC stock opened at $10.37 on Friday. The company has a market capitalization of $10.80 billion, a P/E ratio of 30.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85. The business has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $9.41.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The company had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter last year, the firm posted $0.53 EPS. Research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 13.9%. AGNC Investment’s payout ratio is 423.53%.

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).