Norges Bank Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Norges Bank purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,475,463 shares of the real estate investment trust's stock, valued at approximately $87,269,000. Norges Bank owned about 1.07% of AGNC Investment as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in AGNC Investment by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after acquiring an additional 10,316,999 shares during the period. PL Capital Advisors LLC boosted its stake in shares of AGNC Investment by 821.0% during the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock valued at $50,332,000 after purchasing an additional 4,871,584 shares during the period. Raymond James Financial Inc. bought a new position in shares of AGNC Investment in the fourth quarter worth about $39,840,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AGNC Investment by 115.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust's stock worth $20,007,000 after acquiring an additional 1,023,275 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AGNC Investment by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after acquiring an additional 581,352 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company's stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Stock Down 3.9 %

Shares of AGNC Investment stock traded down $0.36 on Friday, reaching $8.98. The stock had a trading volume of 49,508,244 shares, compared to its average volume of 17,198,263. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.22 billion, a P/E ratio of 9.26 and a beta of 1.32. The company has a 50 day moving average price of $10.11 and a 200 day moving average price of $9.87. AGNC Investment Corp. has a 1 year low of $8.91 and a 1 year high of $10.85.

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 (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%. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. Argus raised shares of AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Finally, JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

AGNC Investment 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).