Keybank National Association OH Boosts Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Keybank National Association OH grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,680 shares of the real estate investment trust’s stock after acquiring an additional 7,276 shares during the quarter. Keybank National Association OH’s holdings in AGNC Investment were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after purchasing an additional 9,639,675 shares during the period. Geode Capital Management LLC raised its stake in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after purchasing an additional 242,640 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after purchasing an additional 424,990 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock worth $67,690,000 after purchasing an additional 581,352 shares during the period. Finally, Equity Investment Corp raised its stake in shares of AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after purchasing an additional 149,775 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

AGNC Investment Trading Up 2.4 %

Shares of AGNC opened at $10.38 on Friday. The business’s 50-day moving average price is $9.89 and its 200-day moving average price is $9.93. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85. The stock has a market cap of $9.50 billion, a PE ratio of 10.70 and a beta of 1.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results 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%. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be given 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 is presently 148.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AGNC shares. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.50.

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).