AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 408,389 shares of the real estate investment trust's stock after purchasing an additional 28,000 shares during the period. New York State Common Retirement Fund's holdings in AGNC Investment were worth $3,912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the fourth quarter worth about $26,000. National Bank of Canada FI raised its stake 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 valued at $32,000 after purchasing an additional 1,832 shares during the period. Rossby Financial LCC bought a new stake in AGNC Investment during the 1st quarter valued at approximately $38,000. CoreCap Advisors LLC raised its stake in 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 purchasing an additional 1,229 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its stake in AGNC Investment by 150.0% during 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 purchasing an additional 3,000 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGNC has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, AGNC Investment presently has an average rating of "Hold" and an average price target of $9.58.

AGNC Investment Price Performance

AGNC stock traded up $0.09 during mid-day trading on Friday, reaching $9.71. 16,548,383 shares of the company's stock were exchanged, compared to its average volume of 20,977,128. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 28.56 and a beta of 1.28. The stock's 50 day moving average is $9.23 and its 200 day moving average is $9.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.63%. The firm had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same period in the previous year, the company earned $0.53 EPS. On average, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 15.2%. AGNC Investment's dividend payout ratio (DPR) is 423.53%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president owned 447,841 shares of the company's stock, valued at $4,044,004.23. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction 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 sale, the executive vice president directly owned 374,019 shares of the company's stock, valued at $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,051 shares of company stock worth $807,542 in the last three months. 0.42% of the stock is owned by insiders.

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).