AGNC Investment Corp. (NASDAQ:AGNC) Stock Position Increased by Norden Group LLC

Norden Group LLC lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,089 shares of the real estate investment trust’s stock after buying an additional 1,387 shares during the period. Norden Group LLC’s holdings in AGNC Investment were worth $168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $37,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment during the fourth quarter worth $46,000. Allworth Financial LP raised its position in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares during the period. Carmichael Hill & Associates Inc. grew its holdings in shares of AGNC Investment by 66.8% during the third quarter. Carmichael Hill & Associates Inc. now owns 6,066 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,429 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of AGNC Investment by 110.8% during the fourth quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 3,352 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.30 on Friday. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The business has a 50-day moving average of $9.53 and a two-hundred day moving average of $9.27. The stock has a market capitalization of $6.46 billion, a P/E ratio of 10.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, equities research analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AGNC. Compass Point began coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target on the stock. Barclays lifted their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Jonestrading lowered their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

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).