KLP Kapitalforvaltning AS Makes New $1.50 Million Investment in AGNC Investment Corp. (NASDAQ:AGNC)

KLP Kapitalforvaltning AS acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 160,500 shares of the real estate investment trust's stock, valued at approximately $1,495,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment during the 3rd quarter valued at $32,000. Spire Wealth Management lifted its holdings in shares of 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 worth $37,000 after buying an additional 1,972 shares during the period. Avior Wealth Management LLC grew its position in shares of AGNC Investment by 413.8% during the 4th quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust's stock worth $82,000 after buying an additional 7,130 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of AGNC Investment by 31.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,823 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 2,326 shares during the period. Hedge funds and other institutional investors own 38.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AGNC shares. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Finally, Argus upgraded AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $10.50.

Remove Ads

AGNC Investment Stock Down 0.9 %

Shares of AGNC traded down $0.09 during midday trading on Tuesday, hitting $9.49. 25,439,726 shares of the company's stock traded hands, compared to its average volume of 16,798,861. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The firm's fifty day moving average is $10.13 and its 200-day moving average is $9.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 9.78 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly 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 return on equity of 21.92% and a net margin of 29.26%. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment's payout ratio is 148.45%.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment 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 completion of the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

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).