Trading Report: The Westpac Banking Corp invests in 4,182 by purchasing American Capital Agency Corp. (AGNC) shares

The Westpac Banking Corp invests in 4,182 by purchasing American Capital Agency Corp. (AGNC) shares

Westpac Banking Corp increased its position in American Capital Agency Corp. (NASDAQ:AGNC) by 29.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,591 shares of the real estate investment trust’s stock after buying an additional 4,182 shares during the period. Westpac Banking Corp’s holdings in American Capital Agency Corp. were worth $368,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its stake in American Capital Agency Corp. by 3,794.9% in the first quarter. Glenmede Trust Co. NA now owns 85,377 shares of the real estate investment trust’s stock worth $1,589,000 after buying an additional 83,185 shares in the last quarter. Virginia Retirement System bought a new stake in American Capital Agency Corp. during the first quarter worth approximately $1,401,000. TIAA CREF Investment Management LLC boosted its stake in American Capital Agency Corp. by 2.7% in the first quarter. TIAA CREF Investment Management LLC now owns 1,231,485 shares of the real estate investment trust’s stock worth $22,943,000 after buying an additional 32,104 shares in the last quarter. Teachers Advisors Inc. boosted its stake in American Capital Agency Corp. by 2.6% in the first quarter. Teachers Advisors Inc. now owns 308,677 shares of the real estate investment trust’s stock worth $5,751,000 after buying an additional 7,964 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in American Capital Agency Corp. by 530.9% in the first quarter. Prudential Financial Inc. now owns 371,366 shares of the real estate investment trust’s stock worth $6,919,000 after buying an additional 312,500 shares in the last quarter. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

American Capital Agency Corp. (NASDAQ:AGNC) opened at 18.92 on Friday. The stock has a 50 day moving average price of $19.49 and a 200 day moving average price of $19.19. The company’s market cap is $6.26 billion. American Capital Agency Corp. has a 1-year low of $15.69 and a 1-year high of $20.10.

American Capital Agency Corp. (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.22. American Capital Agency Corp. had a positive return on equity of 9.64% and a negative net margin of 103.59%. During the same period in the prior year, the firm posted $0.60 EPS.

The business also recently declared a sep 16 dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, September 28th. This represents a dividend yield of 11.16%. American Capital Agency Corp.’s dividend payout ratio is presently -74.48%.

AGNC has been the topic of a number of recent research reports. Zacks Investment Research raised American Capital Agency Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, June 28th. Bank of America Corp. raised American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 29th. Nomura cut American Capital Agency Corp. from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Friday, July 8th. JPMorgan Chase & Co. downgraded American Capital Agency Corp. from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a report on Monday, July 18th. Finally, Keefe, Bruyette & Woods downgraded American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.25 to $19.75 in a report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. American Capital Agency Corp. presently has a consensus rating of “Hold” and an average target price of $20.64.

In other news, CFO Peter J. Federico sold 1,643 shares of American Capital Agency Corp. stock in a transaction on Friday, August 26th. The stock was sold at an average price of $19.76, for a total value of $32,465.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary D. Kain sold 3,931 shares of American Capital Agency Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $19.76, for a total value of $77,676.56. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

About American Capital Agency Corp.

American Capital Agency Corp. is a real estate investment trust (REIT). The Company primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). The Company’s 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).

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