Norges Bank Acquires Shares of 7,055,597 AGNC Investment Corp. (NASDAQ:AGNC)

Norges Bank acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,055,597 shares of the real estate investment trust's stock, valued at approximately $69,215,000. Norges Bank owned approximately 1.05% of AGNC Investment at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $30,000. Bruce G. Allen Investments LLC purchased a new position in AGNC Investment during the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co bought a new position in AGNC Investment in the fourth quarter worth approximately $46,000. Allworth Financial LP lifted its holdings in AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust's stock worth $47,000 after buying an additional 2,096 shares during the period. Finally, Montag A & Associates Inc. bought a new stake in AGNC Investment during the 4th quarter valued at $55,000. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Performance

AGNC stock traded up $0.08 during trading on Monday, reaching $9.64. The company had a trading volume of 8,867,000 shares, compared to its average volume of 11,538,010. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 10.59 and a beta of 1.45. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $9.49.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The business had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period in the previous year, the firm posted $0.70 earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be issued a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, May 31st. AGNC Investment's dividend payout ratio is presently 158.24%.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bernice Bell sold 3,500 shares of the business's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company's stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold a total of 15,900 shares of company stock worth $149,030 over the last three months. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on AGNC. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, March 12th. Jonestrading lowered their price target on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an "outperform" rating for the company in a research report on Wednesday, April 24th. Finally, Compass Point began coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment presently has an average rating of "Moderate Buy" and a consensus target price of $9.79.

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).