13,230,430 Shares in AGNC Investment Corp. $AGNC Bought by Norges Bank

Norges Bank bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,230,430 shares of the real estate investment trust’s stock, valued at approximately $141,830,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in AGNC Investment by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock worth $14,000,000 after acquiring an additional 325,104 shares during the last quarter. Citigroup Inc. raised its stake in shares of AGNC Investment by 39.4% during the 3rd quarter. Citigroup Inc. now owns 1,311,549 shares of the real estate investment trust’s stock valued at $12,840,000 after buying an additional 370,525 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of AGNC Investment by 68.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 370,100 shares of the real estate investment trust’s stock valued at $3,623,000 after buying an additional 150,000 shares during the last quarter. Trivium Point Advisory LLC raised its stake in shares of AGNC Investment by 19.4% during the 3rd quarter. Trivium Point Advisory LLC now owns 1,139,528 shares of the real estate investment trust’s stock valued at $11,156,000 after buying an additional 184,929 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after buying an additional 1,304,782 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.3%

NASDAQ:AGNC opened at $10.17 on Thursday. AGNC Investment Corp. has a 52 week low of $8.93 and a 52 week high of $12.19. The stock has a market capitalization of $11.67 billion, a PE ratio of 8.40 and a beta of 1.32. The stock’s 50-day moving average price is $10.47 and its 200-day moving average price is $10.77.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The firm had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. Sell-side analysts expect that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Investors of record on Friday, May 29th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date is Friday, May 29th. AGNC Investment’s payout ratio is presently 119.01%.

Insider Activity

In related news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 215,234 shares of company stock worth $2,364,022. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, UBS Group lifted their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.06.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.