Allspring Global Investments Holdings LLC Grows Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Allspring Global Investments Holdings LLC lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,662,954 shares of the real estate investment trust’s stock after acquiring an additional 424,990 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.98% of AGNC Investment worth $80,392,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in AGNC Investment during the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new stake in shares of AGNC Investment during the fourth quarter worth $28,000. Point72 Asset Management L.P. purchased a new stake in shares of AGNC Investment during the third quarter valued at $32,000. Blue Trust Inc. increased its position in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Finally, Spire Wealth Management raised its stake in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC stock opened at $10.18 on Thursday. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s fifty day moving average is $9.60 and its 200 day moving average is $9.89. The firm has a market cap of $9.02 billion, a PE ratio of 10.49 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a jan 25 dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend was Friday, January 31st. AGNC Investment’s payout ratio is 148.46%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

About AGNC Investment

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).