AE Wealth Management LLC Lowers Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• AE Wealth Management LLC has significantly reduced its stake in AGNC Investment Corp. by 74.4%, selling 29,721 shares during the 1st quarter, leaving them with 10,201 shares valued at $98,000.
• AGNC Investment recently announced a dividend of $0.12 per share, with a remarkable dividend yield of 1,520.0% and a payout ratio of 423.53%.
• The company's most recent earnings report showed earnings of $0.38 per share, which fell short of the estimated $0.42, alongside a substantial revenue of $830 million.

AE Wealth Management LLC lessened its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 74.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,201 shares of the real estate investment trust's stock after selling 29,721 shares during the quarter. AE Wealth Management LLC's holdings in AGNC Investment were worth $98,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Fourth Dimension Wealth LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth approximately $26,000. National Bank of Canada FI raised its holdings in AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 1,832 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after buying an additional 2,519 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $35,000. Finally, Rossby Financial LCC acquired a new stake in AGNC Investment in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jones Trading restated a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. UBS Group lifted their target price on shares of AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.58.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director directly owned 90,345 shares of the company's stock, valued at approximately $783,291.15. This represents a 16.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,496 shares of company stock worth $450,673. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Trading Up 1.6%

NASDAQ:AGNC traded up $0.15 during mid-day trading on Monday, hitting $9.63. 19,524,582 shares of the company's stock were exchanged, compared to its average volume of 26,284,494. The company has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $9.45. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The firm has a market capitalization of $9.83 billion, a P/E ratio of 28.32 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same quarter last year, the firm posted $0.53 EPS. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.12 per share. This represents a yield of 1,520.0%. The ex-dividend date is Thursday, July 31st. AGNC Investment's payout ratio is 423.53%.

AGNC Investment 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).