Freestone Grove Partners LP purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 133,987 shares of the real estate investment trust's stock, valued at approximately $1,234,000.
Several other large investors have also modified their holdings of the business. Financial Life Planners acquired a new position in shares of AGNC Investment in the fourth quarter worth $28,000. National Bank of Canada FI grew 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 worth $32,000 after purchasing an additional 1,832 shares in the last quarter. Spire Wealth Management increased its holdings in AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,972 shares during the period. Strategic Investment Solutions Inc. IL raised its position 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 valued at $46,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of AGNC Investment by 775.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 515,148 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.
Insider Buying and Selling at AGNC Investment
In related news, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the transaction, the chief executive officer now directly owns 1,691,421 shares of the company's stock, valued at $14,715,362.70. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,166 shares of company stock valued at $1,129,259. 0.42% of the stock is owned by company insiders.
AGNC Investment Stock Performance
Shares of AGNC traded down $0.10 during mid-day trading on Tuesday, reaching $8.67. 23,479,406 shares of the company's stock were exchanged, compared to its average volume of 19,557,949. The business's fifty day simple moving average is $9.36 and its 200-day simple moving average is $9.59. The stock has a market capitalization of $7.93 billion, a PE ratio of 8.93 and a beta of 1.30. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data 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 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 period in the previous year, the business posted $0.58 earnings per share. On average, equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.
AGNC Investment Announces Dividend
The company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be given a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a yield of 17.7%. AGNC Investment's dividend payout ratio (DPR) is 360.00%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on AGNC shares. Wells Fargo & Company cut their target price on shares of 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 reduced their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada decreased their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.96.
Check Out Our Latest Stock Analysis on AGNC
About AGNC Investment
(
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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