Graham Capital Management L.P. bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 150,000 shares of the real estate investment trust's stock, valued at approximately $1,382,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock valued at $16,242,000 after buying an additional 71,330 shares in the last quarter. Howard Financial Services LTD. grew its position in AGNC Investment by 195.2% in the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock valued at $496,000 after buying an additional 35,598 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in AGNC Investment by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock valued at $67,690,000 after buying an additional 581,352 shares in the last quarter. Franklin Resources Inc. lifted its holdings in AGNC Investment by 35.8% in the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock valued at $6,060,000 after acquiring an additional 154,029 shares during the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in AGNC Investment in the 4th quarter valued at about $639,000. Institutional investors own 38.28% of the company's stock.
Insider Transactions at AGNC Investment
In related news, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the transaction, the executive vice president now owns 447,841 shares in the company, valued at approximately $4,044,004.23. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total value of $420,497.10. Following the completion of the transaction, the chief executive officer now owns 1,691,421 shares in the company, valued at $14,715,362.70. This represents a 2.78% 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.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AGNC. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Argus reissued a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and an average target price of $9.96.
Read Our Latest Stock Analysis on AGNC Investment
AGNC Investment Price Performance
AGNC stock opened at $9.00 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The firm has a market capitalization of $9.18 billion, a PE ratio of 9.28 and a beta of 1.30. The firm has a 50-day moving average of $9.21 and a two-hundred day moving average of $9.55.
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, topping analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during 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 prior year, the firm earned $0.58 earnings per share. On average, analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be given a $0.12 dividend. This represents a dividend yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment's dividend payout ratio (DPR) is 360.00%.
AGNC Investment Company Profile
(
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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