Bank of New York Mellon Corp Has $25.89 Million Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Bank of New York Mellon Corp lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,811,514 shares of the real estate investment trust's stock after purchasing an additional 314,900 shares during the period. Bank of New York Mellon Corp owned approximately 0.32% of AGNC Investment worth $25,894,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AGNC. Charles Schwab Investment Management Inc. raised its holdings in AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after buying an additional 162,152 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock valued at $151,113,000 after acquiring an additional 9,639,675 shares during the period. Barclays PLC lifted its position in shares of 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 acquiring an additional 71,330 shares in the last quarter. Geode Capital Management LLC boosted its stake in AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock worth $128,730,000 after purchasing an additional 242,640 shares during the period. Finally, Howard Financial Services LTD. grew its position in AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock worth $496,000 after purchasing an additional 35,598 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company's stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGNC. Wells Fargo & Company decreased their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Argus upgraded shares of AGNC Investment to a "hold" rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.50.

AGNC Investment Stock Down 0.4 %

Shares of AGNC traded down $0.05 during mid-day trading on Thursday, hitting $10.05. 18,856,716 shares of the company's stock were exchanged, compared to its average volume of 15,948,247. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85. The firm has a fifty day moving average of $9.96 and a two-hundred day moving average of $9.93. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 10.36 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, sell-side 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 announced a feb 25 dividend, which was paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 13.8%. AGNC Investment's payout ratio is currently 148.45%.

About AGNC Investment

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).