Treasurer of the State of North Carolina Raises Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Treasurer of the State of North Carolina increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCFree Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,578 shares of the real estate investment trust’s stock after purchasing an additional 25,700 shares during the quarter. Treasurer of the State of North Carolina’s holdings in AGNC Investment were worth $2,811,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth $30,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth $37,000. CENTRAL TRUST Co purchased a new stake in AGNC Investment in the fourth quarter valued at about $46,000. Allworth Financial LP raised its stake in AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in AGNC Investment in the fourth quarter valued at about $55,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of research analyst reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Compass Point initiated coverage on AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

Get Our Latest Stock Analysis on AGNC

AGNC Investment Stock Up 0.9 %

Shares of AGNC stock opened at $9.81 on Thursday. The stock’s 50-day simple moving average is $9.54 and its 200-day simple moving average is $9.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $7.13 billion, a PE ratio of 10.78 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.64.

AGNC Investment (NASDAQ:AGNCGet Free Report) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date of this dividend is Friday, May 31st. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insider Buying and Selling

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

AGNC Investment Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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