Rhumbline Advisers cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 618,314 shares of the real estate investment trust’s stock after selling 4,571 shares during the quarter. Rhumbline Advisers owned 0.11% of AGNC Investment worth $6,233,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in AGNC. Coppell Advisory Solutions Corp. bought a new position in AGNC Investment in the fourth quarter valued at approximately $27,000. Huntington National Bank increased its stake in AGNC Investment by 313,200.0% in the fourth quarter. Huntington National Bank now owns 3,133 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 3,132 shares during the last quarter. Worth Asset Management LLC bought a new position in AGNC Investment in the first quarter valued at approximately $35,000. Silicon Valley Capital Partners bought a new position in AGNC Investment in the fourth quarter valued at approximately $36,000. Finally, Machina Capital S.A.S. bought a new position in AGNC Investment in the first quarter valued at approximately $36,000. 38.86% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $9.93, for a total transaction of $49,650.00. Following the completion of the transaction, the executive vice president now owns 258,947 shares of the company’s stock, valued at $2,571,343.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Morris A. Davis purchased 4,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was purchased at an average cost of $10.48 per share, with a total value of $50,010.56. Following the completion of the purchase, the director now owns 55,060 shares in the company, valued at approximately $577,028.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $9.93, for a total transaction of $49,650.00. Following the completion of the sale, the executive vice president now directly owns 258,947 shares of the company’s stock, valued at $2,571,343.71. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
AGNC Investment Price Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. AGNC Investment had a net margin of 1.96% and a return on equity of 29.59%. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $342.01 million. During the same quarter last year, the firm earned $0.83 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.4 EPS for the current year.
AGNC Investment Dividend Announcement
The company also recently announced a aug 23 dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 31st will be paid a dividend of $0.12 per share. This represents a yield of 14.6%. The ex-dividend date is Wednesday, August 30th. AGNC Investment’s dividend payout ratio is presently -553.85%.
Analysts Set New Price Targets
AGNC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of AGNC Investment in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $11.00 to $10.50 in a research report on Monday, July 24th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.19.
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).
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