Bell Bank Acquires 100,456 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Bell Bank increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 586,240 shares of the real estate investment trust’s stock after purchasing an additional 100,456 shares during the quarter. Bell Bank’s holdings in AGNC Investment were worth $5,399,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AGNC. Ieq Capital LLC grew its stake in AGNC Investment by 19.5% during the fourth quarter. Ieq Capital LLC now owns 14,179 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 2,316 shares during the last quarter. Private Advisor Group LLC lifted its holdings in AGNC Investment by 2.0% during the 4th quarter. Private Advisor Group LLC now owns 187,455 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 3,620 shares in the last quarter. Angel Oak Capital Advisors LLC bought a new position in AGNC Investment in the 4th quarter valued at $281,000. Atria Wealth Solutions Inc. increased its stake in shares of AGNC Investment by 10.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 452,530 shares of the real estate investment trust’s stock valued at $4,204,000 after buying an additional 43,082 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of AGNC Investment by 6.6% during the fourth quarter. D.A. Davidson & CO. now owns 23,517 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 1,449 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGNC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Finally, Argus raised shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were 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 trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

AGNC Investment Stock Up 0.1 %

Shares of NASDAQ:AGNC opened at $10.54 on Friday. The company has a 50 day moving average price of $9.72 and a two-hundred day moving average price of $9.91. The company has a market capitalization of $9.33 billion, a PE ratio of 10.87 and a beta of 1.48. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) 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 net margin of 29.26% and a return on equity of 21.92%. Analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 148.45%.

AGNC Investment 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).