Martin Worley Group purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,290 shares of the real estate investment trust’s stock, valued at approximately $95,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of AGNC Investment by 7.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,489 shares of the real estate investment trust’s stock valued at $2,066,000 after acquiring an additional 13,578 shares during the period. FMR LLC raised its holdings in AGNC Investment by 2.0% during the third quarter. FMR LLC now owns 103,556 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 1,999 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in AGNC Investment during the third quarter worth $193,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AGNC Investment by 2.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 152,459 shares of the real estate investment trust’s stock valued at $1,595,000 after purchasing an additional 4,302 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AGNC Investment by 115.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock valued at $20,007,000 after buying an additional 1,023,275 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.
Insider Activity at AGNC Investment
In related news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
AGNC Investment Stock Down 0.1 %
AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment’s dividend payout ratio is currently 148.45%.
Wall Street Analysts Forecast Growth
AGNC has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. Finally, Argus upgraded shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.50.
Read Our Latest Stock Report on AGNC
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).
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