Rockefeller Capital Management L.P. Increases Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Rockefeller Capital Management L.P. boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,569 shares of the real estate investment trust's stock after buying an additional 38,856 shares during the period. Rockefeller Capital Management L.P.'s holdings in AGNC Investment were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in AGNC Investment by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust's stock valued at $197,000 after purchasing an additional 1,075 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of AGNC Investment by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust's stock worth $170,000 after acquiring an additional 1,150 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of AGNC Investment by 2.9% in the 4th quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust's stock valued at $427,000 after purchasing an additional 1,303 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of AGNC Investment by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 23,517 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Covestor Ltd raised its position in AGNC Investment by 19.4% in the 4th quarter. Covestor Ltd now owns 9,166 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,489 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AGNC. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Argus raised shares of AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Finally, Jones Trading decreased their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus price target of $10.11.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of the business's 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 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. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Stock Up 1.0 %

Shares of AGNC stock traded up $0.09 during midday trading on Thursday, reaching $8.70. 7,674,106 shares of the stock were exchanged, compared to its average volume of 18,905,490. The firm has a market cap of $7.96 billion, a PE ratio of 8.96 and a beta of 1.32. 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 company's 50 day moving average is $9.63 and its two-hundred day moving average is $9.69. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million during 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 period last year, the company posted $0.58 EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.12 per share. This represents a yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment's payout ratio is 148.45%.

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).