Teacher Retirement System of Texas lowered its stake in shares of American Capital Agency Corp. (NASDAQ:AGNC) by 44.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,161 shares of the real estate investment trust’s stock after selling 157,288 shares during the period. Teacher Retirement System of Texas owned about 0.06% of American Capital Agency Corp. worth $3,967,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Royal London Asset Management Ltd. raised its stake in shares of American Capital Agency Corp. by 5.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 126,499 shares of the real estate investment trust’s stock valued at $2,202,000 after buying an additional 6,855 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of American Capital Agency Corp. by 15.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 260,220 shares of the real estate investment trust’s stock valued at $4,512,000 after buying an additional 34,100 shares during the period. Norges Bank acquired a new stake in shares of American Capital Agency Corp. during the fourth quarter valued at $13,582,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of American Capital Agency Corp. by 6.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,708 shares of the real estate investment trust’s stock valued at $2,044,000 after buying an additional 6,549 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of American Capital Agency Corp. by 109.4% in the first quarter. Acadian Asset Management LLC now owns 135,870 shares of the real estate investment trust’s stock valued at $2,532,000 after buying an additional 70,971 shares during the period. Institutional investors and hedge funds own 59.76% of the company’s stock.

American Capital Agency Corp. (NASDAQ:AGNC) traded up 0.544% during midday trading on Tuesday, hitting $19.405. 1,344,676 shares of the company were exchanged. The firm’s 50-day moving average price is $19.65 and its 200-day moving average price is $19.10. American Capital Agency Corp. has a one year low of $15.69 and a one year high of $20.10. The stock’s market capitalization is $6.42 billion.

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

The firm also recently declared a sep 16 dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 30th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 28th. This represents a dividend yield of 11.16%. American Capital Agency Corp.’s dividend payout ratio (DPR) is presently -74.48%.

Several analysts have recently weighed in on AGNC shares. Wunderlich upgraded shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and lifted their target price for the company from $19.50 to $23.00 in a research report on Monday, May 23rd. Zacks Investment Research upgraded shares of 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 report on Tuesday, June 28th. Bank of America Corp. upgraded shares of American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 29th. Nomura lowered shares of 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 report on Friday, July 8th. Finally, JPMorgan Chase & Co. lowered shares of American Capital Agency Corp. from an “overweight” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. American Capital Agency Corp. currently has a consensus rating of “Hold” and an average target price of $20.48.

In related news, CEO Gary D. Kain sold 3,931 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $19.76, for a total value of $77,676.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher Kuehl sold 153,987 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $19.55, for a total transaction of $3,010,445.85. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate 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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