Bank of New York Mellon Corp Grows Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Bank of New York Mellon Corp raised its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,979,319 shares of the real estate investment trust's stock after acquiring an additional 167,805 shares during the period. Bank of New York Mellon Corp owned about 0.33% of AGNC Investment worth $28,542,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of AGNC Investment during the fourth quarter worth $222,000. Independent Advisor Alliance grew its holdings in shares of AGNC Investment by 94.5% during the fourth quarter. Independent Advisor Alliance now owns 25,530 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 12,404 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of AGNC Investment by 9.1% during the fourth quarter. HighTower Advisors LLC now owns 102,955 shares of the real estate investment trust's stock worth $948,000 after purchasing an additional 8,597 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of AGNC Investment by 21.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,949 shares of the real estate investment trust's stock worth $92,000 after purchasing an additional 1,776 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of AGNC Investment by 27.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 73,898 shares of the real estate investment trust's stock worth $681,000 after purchasing an additional 15,850 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on 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, Wells Fargo & Company decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of "Hold" and a consensus price target of $9.79.

Insider Activity at AGNC Investment

In other news, Director Donna Blank sold 17,218 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the sale, the director owned 90,345 shares of the company's stock, valued at $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernice Bell sold 8,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president directly owned 374,019 shares of the company's stock, valued at $3,321,288.72. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 over the last three months. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Stock Performance

AGNC traded down $0.03 during mid-day trading on Friday, reaching $9.25. 13,876,143 shares of the company traded hands, compared to its average volume of 22,264,020. The stock has a market capitalization of $9.44 billion, a P/E ratio of 23.13 and a beta of 1.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $9.19 and its 200-day moving average price is $9.43. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. During the same quarter last year, the firm earned $0.58 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be issued a $0.12 dividend. This represents a yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's dividend payout ratio is currently 360.00%.

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).