Nuveen Asset Management LLC Purchases 284,154 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Nuveen Asset Management LLC increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,896,972 shares of the real estate investment trust's stock after purchasing an additional 284,154 shares during the period. Nuveen Asset Management LLC owned approximately 0.33% of AGNC Investment worth $26,681,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of AGNC Investment by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock worth $767,348,000 after acquiring an additional 10,316,999 shares in the last quarter. Norges Bank acquired a new position in AGNC Investment during the 4th quarter valued at about $87,269,000. PL Capital Advisors LLC boosted its stake in AGNC Investment by 821.0% during the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock valued at $50,332,000 after purchasing an additional 4,871,584 shares during the last quarter. Raymond James Financial Inc. bought a new stake in AGNC Investment during the 4th quarter worth approximately $39,840,000. Finally, Geode Capital Management LLC raised its stake in shares of 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 worth $134,645,000 after purchasing an additional 2,311,105 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AGNC shares. 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 report on Wednesday, April 16th. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wells Fargo & Company cut their target price 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. Finally, Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.96.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 8,000 shares of the business'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 transaction of $71,040.00. Following the completion of the transaction, the executive vice president now owns 374,019 shares of the company's stock, valued at approximately $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the sale, the director now owns 90,345 shares in the company, valued at $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,384 shares of company stock worth $1,228,039 over the last 90 days. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Stock Performance

AGNC traded up $0.03 during trading hours on Monday, hitting $8.84. The stock had a trading volume of 36,881,205 shares, compared to its average volume of 20,690,373. The stock has a market cap of $9.02 billion, a PE ratio of 9.11 and a beta of 1.30. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company's fifty day simple moving average is $8.97 and its 200 day simple moving average is $9.51.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 16.2%. AGNC Investment's payout ratio is 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).