KLP Kapitalforvaltning AS Acquires New Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

KLP Kapitalforvaltning AS bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 160,500 shares of the real estate investment trust’s stock, valued at approximately $1,495,000.

Several other large investors have also recently bought and sold shares of AGNC. Financial Life Planners purchased a new stake in shares of AGNC Investment in the fourth quarter worth $28,000. Point72 Asset Management L.P. bought a new position in AGNC Investment in the 3rd quarter worth about $32,000. Spire Wealth Management raised its holdings in shares of AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,972 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 515,148 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of AGNC Investment by 413.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,130 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AGNC shares. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Argus raised AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Trading Down 2.5 %

NASDAQ AGNC opened at $9.52 on Friday. The firm has a market cap of $8.72 billion, a PE ratio of 9.81 and a beta of 1.50. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The stock has a 50-day moving average of $10.14 and a 200-day moving average of $9.92. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 148.45%.

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).