Illinois Municipal Retirement Fund Grows Position in AGNC Investment Corp. (NASDAQ:AGNC)

Illinois Municipal Retirement Fund boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 155.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 405,075 shares of the real estate investment trust's stock after buying an additional 246,250 shares during the quarter. Illinois Municipal Retirement Fund's holdings in AGNC Investment were worth $3,881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in shares of AGNC Investment during the fourth quarter worth $26,000. National Bank of Canada FI grew its position in AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,832 shares during the period. CoreCap Advisors LLC raised its stake in shares of AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of AGNC Investment by 150.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 3,000 shares during the period. Finally, Front Row Advisors LLC lifted its holdings in shares of AGNC Investment by 75.0% in the 4th quarter. Front Row Advisors LLC now owns 7,000 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 3,000 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AGNC shares. Jones Trading lowered their price target on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lowered their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the completion of the transaction, the executive vice president owned 374,019 shares of the company's stock, valued at approximately $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president directly owned 447,841 shares in the company, valued at approximately $4,044,004.23. The trade was a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock valued at $1,228,039 over the last three months. 0.42% of the stock is currently owned by company insiders.

AGNC Investment Trading Up 0.7%

Shares of AGNC Investment stock traded up $0.07 during trading hours on Wednesday, hitting $9.41. The company's stock had a trading volume of 15,335,186 shares, compared to its average volume of 21,984,076. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 23.54 and a beta of 1.28. The firm has a fifty day moving average of $9.05 and a 200-day moving average of $9.43. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. During the same period last year, the business posted $0.58 earnings per share. Research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a jun 25 dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a $0.12 dividend. This represents a yield of 15.5%. The ex-dividend date is Monday, June 30th. AGNC Investment's dividend payout ratio is currently 360.00%.

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).