Confluence Investment Management LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Confluence Investment Management LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 1st quarter, Holdings Channel reports. The firm purchased 106,958 shares of the real estate investment trust’s stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in AGNC Investment by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after purchasing an additional 6,019,268 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of AGNC Investment by 5.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,682,998 shares of the real estate investment trust’s stock valued at $75,370,000 after acquiring an additional 395,796 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of AGNC Investment by 1.1% during the 4th quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after acquiring an additional 79,316 shares in the last quarter. Norges Bank acquired a new stake in shares of AGNC Investment during the 4th quarter valued at about $69,215,000. Finally, Northern Trust Corp boosted its position in shares of AGNC Investment by 6.8% during the 3rd quarter. Northern Trust Corp now owns 5,540,115 shares of the real estate investment trust’s stock valued at $52,299,000 after acquiring an additional 352,385 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares in the company, valued at $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares in the company, valued at $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold 15,900 shares of company stock worth $149,030 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AGNC has been the topic of several recent research reports. Jonestrading decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Compass Point initiated coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.88.

AGNC Investment Stock Performance

Shares of AGNC remained flat at $9.73 on Tuesday. 7,178,469 shares of the company were exchanged, compared to its average volume of 11,466,276. The stock has a market cap of $7.07 billion, a PE ratio of 10.67 and a beta of 1.47. The stock’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same quarter in the previous year, the company earned $0.70 earnings per share. Equities research analysts predict that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a jun 24 dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a dividend yield of 14.8%. The ex-dividend date of this dividend is Friday, June 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

About AGNC Investment

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).