Norden Group LLC Buys 5,178 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Norden Group LLC boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,507 shares of the real estate investment trust’s stock after buying an additional 5,178 shares during the quarter. Norden Group LLC’s holdings in AGNC Investment were worth $207,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of AGNC Investment by 38.3% in the 4th quarter. US Bancorp DE now owns 331,120 shares of the real estate investment trust’s stock worth $3,050,000 after buying an additional 91,627 shares during the period. Fisher Asset Management LLC purchased a new stake in AGNC Investment in the fourth quarter worth about $138,000. SVB Wealth LLC bought a new position in AGNC Investment during the 4th quarter worth about $178,000. Mills Wealth Advisors LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $109,000. Finally, Private Trust Co. NA lifted its position in shares of AGNC Investment by 10.5% in the 4th quarter. Private Trust Co. NA now owns 44,307 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 4,216 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AGNC Investment Stock Up 0.7 %

Shares of AGNC stock opened at $10.29 on Thursday. 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 Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The firm has a market capitalization of $9.42 billion, a PE ratio of 10.61 and a beta of 1.50. The stock’s 50-day simple moving average is $9.85 and its 200-day simple moving average is $9.92.

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

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the firm’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 sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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).