Cannon Global Investment Management LLC increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the real estate investment trust's stock after buying an additional 37,500 shares during the quarter. AGNC Investment comprises approximately 2.1% of Cannon Global Investment Management LLC's holdings, making the stock its 6th largest position. Cannon Global Investment Management LLC's holdings in AGNC Investment were worth $1,198,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in shares of AGNC Investment in the fourth quarter worth about $26,000. National Bank of Canada FI increased its position in AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after buying an additional 1,832 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of AGNC Investment during the 1st quarter valued at about $38,000. CoreCap Advisors LLC grew its holdings in AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its holdings in 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 worth $46,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 38.28% of the company's stock.
Insider Transactions at AGNC Investment
In related news, EVP Kenneth L. Pollack sold 17,500 shares of the 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 owned 447,841 shares of the company's stock, valued at $4,044,004.23. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $8.88, for a total value of $429,197.04. Following the sale, the chief executive officer directly owned 1,643,088 shares in the company, valued at approximately $14,590,621.44. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,384 shares of company stock valued at $1,228,039. 0.42% of the stock is currently owned by company insiders.
AGNC Investment Stock Down 0.1%
Shares of NASDAQ:AGNC traded down $0.01 during trading on Thursday, hitting $9.42. 17,472,449 shares of the company's stock traded hands, compared to its average volume of 22,020,790. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 23.54 and a beta of 1.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85. The company has a 50-day moving average price of $9.06 and a 200-day moving average price of $9.43.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.
AGNC Investment Dividend Announcement
The business also recently declared a jun 25 dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 15.5%. AGNC Investment's dividend payout ratio is currently 360.00%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AGNC. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a research report on Tuesday, June 3rd. Jones Trading lowered their target price 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 downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada decreased their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.
Check Out Our Latest Stock Report on AGNC
AGNC Investment Company Profile
(
Free Report)
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).
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