Allianz Asset Management GmbH lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 56.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,501 shares of the real estate investment trust's stock after selling 71,761 shares during the period. Allianz Asset Management GmbH's holdings in AGNC Investment were worth $532,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AGNC. Fourth Dimension Wealth LLC purchased a new position in shares of AGNC Investment during the 4th quarter worth approximately $26,000. Larson Financial Group LLC boosted its position in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares in the last quarter. National Bank of Canada FI boosted its position in shares of 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 worth $32,000 after purchasing an additional 1,832 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of AGNC Investment in the 1st quarter worth approximately $38,000. Finally, CoreCap Advisors LLC boosted its position in shares of AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AGNC shares. UBS Group boosted 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. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Royal Bank Of Canada reduced their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.58.
Check Out Our Latest Research Report on AGNC Investment
Insider Transactions at AGNC Investment
In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna Blank sold 17,218 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director owned 90,345 shares in the company, valued at $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,496 shares of company stock valued at $450,673. Insiders own 0.42% of the company's stock.
AGNC Investment Stock Up 1.6%
AGNC stock traded up $0.15 during midday trading on Monday, hitting $9.63. The company's stock had a trading volume of 19,524,582 shares, compared to its average volume of 21,642,892. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-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. The firm has a 50-day simple moving average of $9.30 and a 200-day simple moving average of $9.45.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same period last year, the firm posted $0.53 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The company also recently disclosed a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 1,520.0%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's payout ratio is 423.53%.
About AGNC Investment
(
Free Report)
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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