BTC Capital Management Inc. Invests $119,000 in AGNC Investment Corp. (NASDAQ:AGNC)

BTC Capital Management Inc. bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,000 shares of the real estate investment trust’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp lifted its holdings in shares of AGNC Investment by 6.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 259,472 shares of the real estate investment trust’s stock valued at $2,569,000 after buying an additional 16,837 shares during the period. Confluence Investment Management LLC acquired a new position in AGNC Investment in the first quarter valued at approximately $1,059,000. Quadrature Capital Ltd purchased a new stake in AGNC Investment in the 4th quarter worth approximately $1,670,000. PNC Financial Services Group Inc. boosted its position in AGNC Investment by 43.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 6,369 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of AGNC Investment by 339.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 102,933 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $9.76 on Friday. 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 1 year low of $6.81 and a 1 year high of $10.64. The firm has a market capitalization of $7.09 billion, a PE ratio of 10.73 and a beta of 1.47. The business’s 50 day moving average price is $9.55 and its 200-day moving average price is $9.61.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company 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 quarter in the previous year, the company posted $0.70 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 2.14 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insiders Place Their Bets

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 stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the sale, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares in the company, valued at $706,345.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock valued at $149,030 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

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).