AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 10.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,807 shares of the real estate investment trust’s stock after purchasing an additional 4,330 shares during the quarter. Amalgamated Bank’s holdings in AGNC Investment were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment in the 4th quarter valued at about $26,000. National Bank of Canada FI raised its stake in AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,832 shares during the last quarter. CoreCap Advisors LLC raised its stake in AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,229 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its stake in AGNC Investment by 150.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Front Row Advisors LLC raised its stake in AGNC Investment by 75.0% in the 4th quarter. Front Row Advisors LLC now owns 7,000 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGNC. Jones Trading cut their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. UBS Group upped their price objective on shares of AGNC Investment from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Thursday. Argus reaffirmed a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.79.

Insider Buying and Selling at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president owned 447,841 shares of the company’s stock, valued at approximately $4,044,004.23. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $8.88, for a total transaction of $429,197.04. Following the sale, the chief executive officer directly owned 1,643,088 shares of the company’s stock, valued at approximately $14,590,621.44. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock worth $1,228,039 in the last quarter. Company insiders own 0.42% of the company’s stock.

AGNC Investment Stock Down 0.5%

AGNC opened at $9.45 on Friday. The firm has a 50 day moving average price of $9.13 and a 200 day moving average price of $9.43. The company has a market cap of $9.64 billion, a PE ratio of 23.63 and a beta of 1.28. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. During the same quarter in the prior year, the company earned $0.58 EPS. Sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Investors of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 360.00%.

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).