New York Life Investment Management LLC Acquires 5,700 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

New York Life Investment Management LLC increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 68,736 shares of the real estate investment trust’s stock after buying an additional 5,700 shares during the quarter. New York Life Investment Management LLC’s holdings in AGNC Investment were worth $674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Portside Wealth Group LLC raised its holdings in shares of AGNC Investment by 8.8% in the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,147 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of AGNC Investment by 2.5% during the fourth quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 1,251 shares during the period. Consolidated Portfolio Review Corp boosted its stake in shares of AGNC Investment by 2.3% in the 4th quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 1,341 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of AGNC Investment by 4.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 35,286 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Norden Group LLC increased its position in shares of AGNC Investment by 8.8% during the 4th quarter. Norden Group LLC now owns 17,089 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 1,387 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders sold a total of 15,900 shares of company stock valued at $149,030 over the last three months. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Compass Point began coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.53 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 10.47 and a beta of 1.45. The stock has a 50-day moving average price of $9.53 and a 200 day moving average price of $9.30.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The business had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period in the previous year, the firm posted $0.70 earnings per share. Research analysts expect that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. AGNC Investment’s dividend payout ratio is currently 158.24%.

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).