Keybank National Association OH trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,057 shares of the real estate investment trust’s stock after selling 12,000 shares during the quarter. Keybank National Association OH’s holdings in AGNC Investment were worth $193,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Alaska Permanent Fund Corp bought a new position in AGNC Investment in the second quarter worth approximately $2,412,000. LPL Financial LLC grew its stake in AGNC Investment by 40.8% in the second quarter. LPL Financial LLC now owns 1,060,500 shares of the real estate investment trust’s stock worth $10,743,000 after purchasing an additional 307,179 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new position in AGNC Investment in the second quarter worth approximately $180,000. Mutual Advisors LLC grew its stake in AGNC Investment by 15.0% in the second quarter. Mutual Advisors LLC now owns 13,070 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,705 shares in the last quarter. Finally, WealthPLAN Partners LLC grew its stake in AGNC Investment by 25.0% in the second quarter. WealthPLAN Partners LLC now owns 10,000 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 2,000 shares in the last quarter. 38.86% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $9.93, for a total transaction of $49,650.00. Following the completion of the sale, the executive vice president now owns 258,947 shares in the company, valued at approximately $2,571,343.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.
AGNC Investment Stock Performance
AGNC Investment Dividend Announcement
The firm also recently disclosed a oct 23 dividend, which will be paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, October 30th. This represents a dividend yield of 16.4%. AGNC Investment’s dividend payout ratio is presently -553.85%.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. StockNews.com assumed coverage on AGNC Investment in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $11.00 to $10.50 in a research report on Monday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research report on Wednesday, July 26th. Finally, UBS Group raised AGNC Investment from a “neutral” rating to a “buy” rating and increased their target price for the company from $10.50 to $11.50 in a research report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.79.
Read Our Latest Research Report on AGNC
About AGNC Investment
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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