Bell Bank Purchases 100,456 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Bell Bank boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 586,240 shares of the real estate investment trust's stock after buying an additional 100,456 shares during the quarter. Bell Bank owned 0.07% of AGNC Investment worth $5,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment in the 3rd quarter worth about $32,000. Blue Trust Inc. grew its position in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,966 shares in the last quarter. Spire Wealth Management increased its stake in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in 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 worth $54,000 after buying an additional 515,148 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Stock Performance

AGNC traded up $0.04 during trading on Tuesday, hitting $10.53. The stock had a trading volume of 21,340,558 shares, compared to its average volume of 19,825,561. The firm has a market cap of $9.32 billion, a PE ratio of 10.85 and a beta of 1.48. 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 12 month low of $8.92 and a 12 month high of $10.85. The company has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.91.

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AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be given a $0.12 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment's dividend payout ratio is 148.45%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company 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. Argus raised shares of AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company's stock, valued at $766,781.90. This represents a 6.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

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).