First Trust Advisors LP increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,548,710 shares of the real estate investment trust's stock after buying an additional 301,737 shares during the period. First Trust Advisors LP owned about 0.17% of AGNC Investment worth $14,264,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in AGNC. Financial Life Planners bought a new stake in shares of AGNC Investment in the 4th quarter valued at about $28,000. National Bank of Canada FI grew its holdings in AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,832 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,972 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in AGNC Investment by 150.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock worth $46,000 after buying an additional 3,000 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 515,148 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.
Insider Activity
In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the transaction, the chief executive officer now directly owns 1,691,421 shares of the company's stock, valued at approximately $14,715,362.70. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,166 shares of company stock valued at $1,188,739. 0.42% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Jones Trading cut their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company lowered their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.
Check Out Our Latest Report on AGNC Investment
AGNC Investment Price Performance
AGNC traded up $0.05 on Tuesday, reaching $9.07. 37,478,608 shares of the company's stock were exchanged, compared to its average volume of 19,240,022. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock's fifty day moving average price is $9.53 and its 200-day moving average price is $9.65. The stock has a market cap of $8.30 billion, a PE ratio of 9.35 and a beta of 1.32. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the prior year, the company posted $0.58 earnings per share. Sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Announces Dividend
The company also recently declared a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment's dividend payout ratio is currently 360.00%.
AGNC Investment Company Profile
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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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