Northern Trust Corp raised its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 24.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,378,470 shares of the real estate investment trust's stock after purchasing an additional 1,273,565 shares during the period. Northern Trust Corp owned 0.72% of AGNC Investment worth $58,746,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in AGNC Investment by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock worth $168,000 after purchasing an additional 970 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of AGNC Investment by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust's stock valued at $197,000 after acquiring an additional 1,075 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 1,150 shares during the period. Advisory Services Network LLC boosted its stake in AGNC Investment by 2.9% during the fourth quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust's stock worth $427,000 after acquiring an additional 1,303 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in AGNC Investment by 10.5% during the fourth quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust's stock worth $132,000 after acquiring an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
AGNC Investment Stock Down 1.0 %
NASDAQ AGNC traded down $0.09 on Friday, reaching $8.79. The company had a trading volume of 26,155,749 shares, compared to its average volume of 19,839,394. 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 stock has a market capitalization of $8.97 billion, a P/E ratio of 9.06 and a beta of 1.30. The company's fifty day moving average is $9.24 and its 200 day moving average is $9.56. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's payout ratio is presently 360.00%.
Insider Activity
In related news, EVP Bernice Bell sold 8,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the transaction, the executive vice president now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the transaction, the executive vice president now owns 447,841 shares of the company's stock, valued at approximately $4,044,004.23. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last three months. Corporate insiders own 0.42% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday. Jones Trading dropped their price target on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Argus reiterated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $9.96.
View Our Latest Report on AGNC Investment
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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