M&T Bank Corp Purchases 20,071 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

M&T Bank Corp increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 47.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,482 shares of the real estate investment trust’s stock after purchasing an additional 20,071 shares during the quarter. M&T Bank Corp’s holdings in AGNC Investment were worth $599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at $26,000. National Bank of Canada FI lifted its holdings in shares of AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,832 shares during the period. Rossby Financial LCC bought a new position in shares of AGNC Investment during the first quarter valued at $38,000. CoreCap Advisors LLC lifted its holdings in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,229 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in shares of AGNC Investment by 150.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 3,000 shares during the period. 38.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Jones Trading cut their price target on AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.79.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.20 on Wednesday. The stock has a 50-day moving average price of $9.16 and a 200 day moving average price of $9.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 23.00 and a beta of 1.28. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85.

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 the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same period in the previous year, the company earned $0.58 EPS. Research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.12 per share. This represents a dividend 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 Company 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).