American Capital Agency Corp. Buyback
OLI recorded this information on 12/18/2013
Company:
American Capital Agency Corp.
Buyback:
AGNC buyback
Shares Announced Repurchased:
28,200,000.00
Buyback Details:
The Company also announced today that in the fourth quarter of 2013, it made open market purchases of approximately 28.2 million shares of American Capital Agency common stock, or 7% of the Company's outstanding shares as of September 30, 2013. The shares were purchased at an average price of $20.82 per share, including expenses, totaling approximately $586 million. Since commencing a buyback program in the fourth quarter of 2012, the Company has purchased approximately 43.0 million shares of American Capital Agency common stock for total consideration of approximately $934 million, including expenses.
AGNC Investment is a real estate investment trust. Co. invests in Agency residential mortgage-backed securities, which consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (together with Fannie Mae, GSEs), or by a U.S. Government agency, such as the Government National Mortgage Association. Co. also invests in other assets related to the housing, mortgage or real estate markets that are not guaranteed by a GSE or U.S. Government agency.
AGNC SEC Filing Email Alerts Service
Preferreds: AGNCN, AGNCM, AGNCO, AGNCP, AGNCL
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Buy (2.92 out of 4) 22nd percentile
(ranked lower than approx. 78% of all stocks covered)
Analysts' Target Price: AGNC Stock Forecast Based on Zacks ABR data; powered by Xignite |