AGNC Investment Corp. (NASDAQ:AGNC) Shares Bought by Cinctive Capital Management LP

Cinctive Capital Management LP grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,844 shares of the real estate investment trust’s stock after acquiring an additional 52,969 shares during the period. Cinctive Capital Management LP’s holdings in AGNC Investment were worth $4,309,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AGNC. Barclays PLC increased its stake in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after purchasing an additional 71,330 shares in the last quarter. Geode Capital Management LLC increased its position in shares of AGNC Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after buying an additional 242,640 shares in the last quarter. Howard Financial Services LTD. raised its stake in shares of AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 35,598 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 buying an additional 581,352 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of AGNC Investment by 35.8% during the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock valued at $6,060,000 after buying an additional 154,029 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AGNC. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

AGNC Investment Price Performance

AGNC stock opened at $9.48 on Thursday. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $8.68 billion, a PE ratio of 9.77 and a beta of 1.50. The business has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $9.90.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) 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%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment’s payout ratio is currently 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).