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

Fisher Asset Management LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,549 shares of the real estate investment trust’s stock, valued at approximately $123,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of AGNC Investment by 0.4% in the third quarter. Vanguard Group Inc. now owns 57,347,540 shares of the real estate investment trust’s stock valued at $541,361,000 after purchasing an additional 242,548 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AGNC Investment by 5.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,682,998 shares of the real estate investment trust’s stock worth $75,370,000 after purchasing an additional 395,796 shares during the period. Clearbridge Investments LLC lifted its stake in AGNC Investment by 1.1% during the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock worth $72,404,000 after purchasing an additional 79,316 shares during the period. Norges Bank bought a new position in AGNC Investment during the fourth quarter worth about $69,215,000. Finally, Northern Trust Corp lifted its stake in AGNC Investment by 6.8% during the third quarter. Northern Trust Corp now owns 5,540,115 shares of the real estate investment trust’s stock worth $52,299,000 after purchasing an additional 352,385 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.67 on Thursday. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 10.63 and a beta of 1.47. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.64. The firm has a fifty day moving average of $9.60 and a 200-day moving average of $9.63. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $642.00 million for 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 period in the previous year, the firm posted $0.70 EPS. On average, equities research analysts forecast that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a $0.12 dividend. The ex-dividend date is Thursday, June 27th. This represents a yield of 14.8%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGNC. Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Janney Montgomery Scott began coverage on shares of AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.88.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now directly owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,900 shares of company stock valued at $149,030. 0.52% of the stock is owned by corporate insiders.

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).