AGNC Investment Corp. $AGNC Stock: International Assets Investment Management LLC Lowers Position

Key Points

• International Assets Investment Management cut its AGNC stake by 69.2% in the third quarter, selling 405,884 shares and retaining 180,426 shares valued at about $1.64 million.
• AGNC reported quarterly earnings of $0.37 per share, matching estimates, while revenue of $1.20 billion exceeded forecasts. The company announced a monthly dividend of $0.12 per share, equivalent to a 16.9% annualized yield.
• Shares opened at $8.53, near the stock’s 12-month low. Analysts’ consensus rating is “Hold,” with an average price target of $10.12.

International Assets Investment Management LLC trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 69.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,426 shares of the real estate investment trust's stock after selling 405,884 shares during the period. International Assets Investment Management LLC's holdings in AGNC Investment were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC lifted its position in shares of AGNC Investment by 43.6% during the 3rd quarter. Choreo LLC now owns 48,757 shares of the real estate investment trust's stock valued at $442,000 after buying an additional 14,807 shares in the last quarter. D.A. Davidson & CO. raised its position in AGNC Investment by 10.4% during the third quarter. D.A. Davidson & CO. now owns 38,665 shares of the real estate investment trust's stock worth $351,000 after acquiring an additional 3,634 shares during the period. North Dakota State Investment Board lifted its holdings in AGNC Investment by 7.2% during the third quarter. North Dakota State Investment Board now owns 35,253 shares of the real estate investment trust's stock valued at $320,000 after purchasing an additional 2,365 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in AGNC Investment by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 41,362 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of AGNC Investment by 10.4% in the third quarter. Park Avenue Securities LLC now owns 114,162 shares of the real estate investment trust's stock valued at $1,035,000 after purchasing an additional 10,735 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter Federico sold 67,794 shares of the business's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $8.87, for a total value of $601,332.78. Following the sale, the chief executive officer owned 1,846,083 shares of the company's stock, valued at $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.40% of the company's stock.

AGNC Investment Trading Down 1.8%

AGNC Investment stock opened at $8.53 on Wednesday. AGNC Investment Corp. has a 12-month low of $8.38 and a 12-month high of $12.19. The stock has a market cap of $10.87 billion, a P/E ratio of 853.85 and a beta of 1.40. The company has a 50-day moving average price of $9.49 and a 200 day moving average price of $10.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. As a group, analysts forecast that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 16.9%. The ex-dividend date is Friday, October 30th. AGNC Investment's dividend payout ratio (DPR) is 14,400.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AGNC shares. Piper Sandler dropped their target price on shares of AGNC Investment from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Compass Point lowered AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective on the stock. in a report on Friday, July 17th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. Weiss Ratings cut shares of AGNC Investment from a "hold (c+)" rating to a "sell (d+)" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.12.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.

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