Advisor Group Holdings Inc. trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 413,836 shares of the real estate investment trust’s stock after selling 35,616 shares during the quarter. Advisor Group Holdings Inc. owned about 0.07% of AGNC Investment worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of AGNC. Clearbridge Investments LLC bought a new position in AGNC Investment in the 4th quarter worth $7,333,000. SVB Wealth LLC lifted its position in shares of AGNC Investment by 54.2% during the 4th quarter. SVB Wealth LLC now owns 71,962 shares of the real estate investment trust’s stock worth $745,000 after purchasing an additional 25,292 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in AGNC Investment by 26.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,700 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 18,919 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in AGNC Investment by 31.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 50,291 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 11,892 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in AGNC Investment in the 4th quarter worth approximately $829,000. 40.87% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Bernice Bell sold 2,600 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $9.90, for a total transaction of $25,740.00. Following the completion of the sale, the executive vice president now directly owns 255,500 shares of the company’s stock, valued at approximately $2,529,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Sean Reid bought 11,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $8.91 per share, for a total transaction of $98,010.00. Following the completion of the transaction, the executive vice president now directly owns 11,000 shares in the company, valued at approximately $98,010. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bernice Bell sold 2,600 shares of AGNC Investment stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $9.90, for a total value of $25,740.00. Following the completion of the sale, the executive vice president now owns 255,500 shares of the company’s stock, valued at $2,529,450. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 371,698 shares of company stock worth $3,469,046. Insiders own 0.52% of the company’s stock.
AGNC Investment Stock Up 0.2 %
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. AGNC Investment had a positive return on equity of 29.22% and a negative net margin of 49.78%. The business had revenue of $351.00 million for the quarter, compared to analyst estimates of $419.83 million. During the same quarter in the previous year, the firm earned $0.72 EPS. AGNC Investment’s quarterly revenue was down 21.7% on a year-over-year basis. Equities analysts forecast that AGNC Investment Corp. will post 2.36 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently declared a may 23 dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.12 per share. This represents a yield of 15.7%. The ex-dividend date is Tuesday, May 30th. AGNC Investment’s dividend payout ratio is currently -92.31%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on AGNC Investment from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, February 7th. Argus lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Piper Sandler cut their price objective on shares of AGNC Investment from $12.00 to $11.00 in a research report on Monday, April 3rd. Barclays decreased their target price on AGNC Investment from $11.00 to $10.00 in a research report on Wednesday, April 26th. Finally, StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and a consensus target price of $10.69.
AGNC Investment Company Profile
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).
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