Allianz Asset Management GmbH Has $47.62 Million Holdings in AGNC Investment Corp. (AGNC)

Allianz Asset Management GmbH raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,196,593 shares of the real estate investment trust’s stock after purchasing an additional 345,292 shares during the period. Allianz Asset Management GmbH owned about 0.56% of AGNC Investment worth $47,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AGNC. Capstone Asset Management Co. acquired a new stake in AGNC Investment in the 2nd quarter valued at about $219,000. SG Americas Securities LLC raised its position in shares of AGNC Investment by 67.6% during the 2nd quarter. SG Americas Securities LLC now owns 159,359 shares of the real estate investment trust’s stock worth $3,393,000 after acquiring an additional 64,299 shares in the last quarter. Private Advisor Group LLC raised its position in shares of AGNC Investment by 55.2% during the 2nd quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 9,784 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of AGNC Investment by 17.6% during the 2nd quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after acquiring an additional 987,395 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position in shares of AGNC Investment by 9.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 844,469 shares of the real estate investment trust’s stock worth $17,979,000 after acquiring an additional 75,467 shares in the last quarter. 65.74% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on AGNC shares. Maxim Group reissued a “buy” rating and set a $21.25 target price on shares of AGNC Investment in a research report on Friday, October 27th. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, October 24th. Wells Fargo & Company reissued a “market perform” rating and set a $19.00 target price on shares of AGNC Investment in a research report on Friday, December 1st. Finally, BidaskClub raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Hold” and an average price target of $20.18.

AGNC Investment Corp. (AGNC) opened at $20.26 on Thursday. The company has a market capitalization of $7,951.13, a P/E ratio of 8.00 and a beta of 0.14. AGNC Investment Corp. has a 12-month low of $17.30 and a 12-month high of $22.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same quarter in the previous year, the company posted $0.67 earnings per share. equities analysts expect that AGNC Investment Corp. will post 2.55 EPS for the current year.

The company also recently declared a nov 17 dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.18 per share. This represents a yield of 11%. The ex-dividend date of this dividend is Wednesday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 53.20%.

COPYRIGHT VIOLATION WARNING: “Allianz Asset Management GmbH Has $47.62 Million Holdings in AGNC Investment Corp. (AGNC)” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/12/07/allianz-asset-management-gmbh-has-47-62-million-holdings-in-agnc-investment-corp-agnc.html.

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).

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC).

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

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

Latest News

Leave a Reply