Illinois Municipal Retirement Fund Buys New Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Illinois Municipal Retirement Fund bought a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 158,825 shares of the real estate investment trust's stock, valued at approximately $1,463,000.

Several other large investors have also recently modified their holdings of the stock. Financial Life Planners bought a new position in AGNC Investment during the fourth quarter valued at $28,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the third quarter worth about $32,000. Blue Trust Inc. boosted its position in shares of 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 buying an additional 2,966 shares during the period. Spire Wealth Management grew its stake in shares of AGNC Investment by 94.5% during the fourth 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 last quarter. Finally, Huntington National Bank raised its holdings in shares of AGNC Investment by 105.7% in the third quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust's stock worth $70,000 after buying an additional 3,445 shares during the period. Institutional investors own 38.28% of the company's stock.

Insider Activity at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have commented on AGNC. Wells Fargo & Company cut their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Argus raised AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

AGNC Investment Stock Up 0.7 %

NASDAQ AGNC traded up $0.07 during midday trading on Wednesday, hitting $10.29. 18,993,517 shares of the company traded hands, compared to its average volume of 15,546,950. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85. The company's 50-day simple moving average is $9.85 and its 200-day simple moving average is $9.92. The company has a market cap of $9.42 billion, a PE ratio of 10.61 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share 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%. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment's dividend payout ratio (DPR) is presently 148.45%.

AGNC Investment Company 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).