New York State Common Retirement Fund Purchases 28,000 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

New York State Common Retirement Fund raised its stake 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 Securities and Exchange Commission. The firm owned 408,389 shares of the real estate investment trust's stock after buying an additional 28,000 shares during the quarter. New York State Common Retirement Fund's holdings in AGNC Investment were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after buying an additional 10,316,999 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after buying an additional 2,589,020 shares during the period. Geode Capital Management LLC lifted its stake in AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock valued at $134,645,000 after buying an additional 2,311,105 shares during the period. Norges Bank acquired a new position in AGNC Investment in the fourth quarter valued at about $87,269,000. Finally, Northern Trust Corp lifted its stake in AGNC Investment by 24.9% in the fourth quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust's stock valued at $58,746,000 after buying an additional 1,273,565 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

Wall Street Analyst Weigh In

AGNC has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods increased their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Royal Bank Of Canada decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. 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. Finally, UBS Group increased their price objective on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. One 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. According to MarketBeat, AGNC Investment currently has a consensus rating of "Hold" and an average target price of $9.79.

Insiders Place Their Bets

In other news, CEO Peter J. Federico sold 48,333 shares of AGNC Investment 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 transaction, the chief executive officer owned 1,643,088 shares in the company, valued at approximately $14,590,621.44. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the executive vice president owned 374,019 shares in the company, valued at approximately $3,321,288.72. The trade was a 2.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by company insiders.

AGNC Investment Price Performance

AGNC Investment stock traded up $0.04 during mid-day trading on Thursday, reaching $9.63. 18,297,846 shares of the company were exchanged, compared to its average volume of 26,486,387. The company has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $9.43. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $9.82 billion, a PE ratio of 28.31 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.63% and a net margin of 11.50%. The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same quarter last year, the business earned $0.53 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed 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 is Thursday, July 31st. This represents a yield of 15.2%. AGNC Investment's dividend payout ratio (DPR) is presently 423.53%.

About AGNC Investment

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).