AGNC Investment Corp. $AGNC Shares Sold by Icon Advisers Inc. Co.

Key Points

• Icon Advisers cut its AGNC stake by 82.7% in Q3, selling 253,853 shares and leaving 53,121 shares valued at $520,000, while institutional investors own about 38.28% of the stock.
• Corporate insiders have sold a total of 775,000 shares (≈$9.25M) in the past three months, including Director Gary D. Kain's sale of 700,000 shares for $8.337M, reducing his position by 24.23%.
• AGNC declared a monthly dividend of $0.12 (record Feb 27, payable Mar 10), implying a 13.5% yield102.86%, signaling a potentially unsustainable payout.

Icon Advisers Inc. Co. trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 82.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,121 shares of the real estate investment trust's stock after selling 253,853 shares during the period. Icon Advisers Inc. Co.'s holdings in AGNC Investment were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of AGNC Investment in the third quarter valued at approximately $29,000. WFA of San Diego LLC acquired a new stake in AGNC Investment during the second quarter worth approximately $37,000. Huntington National Bank boosted its position in AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 1,199 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in AGNC Investment in the 2nd quarter worth approximately $46,000. Finally, Fourth Dimension Wealth LLC grew its stake in AGNC Investment by 78.6% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 5,000 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 2,200 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares of the company's stock, valued at $26,072,073.81. The trade was a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kenneth L. Pollack sold 50,000 shares of the business's stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the sale, the executive vice president owned 552,297 shares of the company's stock, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 775,000 shares of company stock valued at $9,246,000 in the last three months. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AGNC shares. BTIG Research downgraded AGNC Investment from a "buy" rating to a "neutral" rating in a report on Tuesday, January 6th. Royal Bank Of Canada raised their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Wells Fargo & Company lifted their price objective on AGNC Investment from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of AGNC Investment in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, AGNC Investment currently has an average rating of "Hold" and an average target price of $11.03.

AGNC Investment Stock Down 2.4%

Shares of NASDAQ AGNC opened at $10.64 on Friday. The stock has a market capitalization of $11.80 billion, a PE ratio of 7.60 and a beta of 1.37. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $11.35 and a 200-day moving average of $10.58. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $354.75 million. On average, analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, February 27th. AGNC Investment's dividend payout ratio (DPR) is 102.86%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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