10,000 Shares in AGNC Investment Corp. (AGNC) Purchased by Murphy Capital Management Inc.

Share on StockTwits

Murphy Capital Management Inc. purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $186,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of AGNC Investment by 8.0% in the second quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock worth $698,383,000 after acquiring an additional 2,787,637 shares during the period. State Treasurer State of Michigan increased its stake in shares of AGNC Investment by 31.4% in the second quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock worth $344,679,000 after acquiring an additional 4,435,300 shares during the period. Wells Fargo & Company MN increased its stake in shares of AGNC Investment by 33.0% in the second quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock worth $192,696,000 after acquiring an additional 2,574,569 shares during the period. Waddell & Reed Financial Inc. increased its stake in shares of AGNC Investment by 6.2% in the second quarter. Waddell & Reed Financial Inc. now owns 3,395,412 shares of the real estate investment trust’s stock worth $63,121,000 after acquiring an additional 197,600 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of AGNC Investment by 809.0% in the third quarter. State of Alaska Department of Revenue now owns 2,230,503 shares of the real estate investment trust’s stock worth $41,554,000 after acquiring an additional 1,985,129 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of AGNC Investment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 19th. Maxim Group increased their price objective on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, September 24th. Barclays reiterated a “hold” rating and issued a $19.00 price objective on shares of AGNC Investment in a research note on Wednesday, September 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.46.

AGNC stock opened at $17.76 on Friday. The firm has a market cap of $8.90 billion and a P/E ratio of 7.29. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04. AGNC Investment Corp. has a one year low of $17.71 and a one year high of $21.90.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $177.00 million for the quarter, compared to analyst estimates of $274.15 million. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. Research analysts predict that AGNC Investment Corp. will post 2.44 earnings per share for the current year.

The company also recently declared a oct 18 dividend, which will be paid on Friday, November 9th. Investors of record on Wednesday, October 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, October 30th. This represents a yield of 12.16%. AGNC Investment’s dividend payout ratio is presently 87.80%.

In related news, Director Morris A. Davis sold 6,797 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $129,958.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

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).

See Also: Is the Dow Jones Industrial Average (DJIA) still relevant?

Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply