Norges Bank Reduces $137M in AGNC Investment Corp. ($AGNC)
Key Points
- Norges Bank changed its AGNC Investment Corp. ($AGNC) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $AGNC is Hold and an average price target of $11.38.
- $AGNC last traded around $10.37.
Norges Bank reduced its position in AGNC Investment Corp. ($AGNC), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of AGNC Investment Corp. after selling 13,230,430 shares during the quarter.
AGNC Investment Corp. ($AGNC) Stock
AGNC Investment Corp. Earnings
AGNC Investment Corp. Dividend
Analysts Set New Price Targets
About AGNC Investment Corp.
AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal or state corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.
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