Allianz Asset Management GmbH Decreases Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• Allianz Asset Management GmbH reduced its holdings in AGNC Investment Corp. by 56.4%, selling 71,761 shares during the first quarter, leading to ownership of 55,501 shares valued at approximately $532,000.
• AGNC Investment Corp. recently reported a quarterly EPS of $0.38, missing estimates of $0.42, with a revenue of $830 million significantly exceeding anticipated revenue.
• The company declared a dividend of $0.12 per share, effective August 11th, yielding 1,520.0%, with a notably high dividend payout ratio of 423.53%.

Allianz Asset Management GmbH lowered its stake 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 disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of AGNC Investment by 11.9% during the 4th quarter. LPL Financial LLC now owns 1,238,895 shares of the real estate investment trust's stock valued at $11,410,000 after purchasing an additional 131,954 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $124,000. Pictet Asset Management Holding SA boosted its stake in AGNC Investment by 15.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 110,443 shares of the real estate investment trust's stock worth $1,017,000 after purchasing an additional 14,922 shares during the period. California Public Employees Retirement System increased its holdings in AGNC Investment by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 1,022,721 shares of the real estate investment trust's stock worth $9,419,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of AGNC Investment by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 364,587 shares of the real estate investment trust's stock valued at $3,358,000 after purchasing an additional 7,176 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Down 1.9%

Shares of AGNC Investment stock traded down $0.18 during trading hours on Wednesday, reaching $9.42. The company's stock had a trading volume of 16,524,889 shares, compared to its average volume of 26,121,002. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.33. The stock's fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $9.45. The company has a market capitalization of $9.81 billion, a P/E ratio of 27.71 and a beta of 1.28. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%. The company had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same period in the prior year, the firm posted $0.53 EPS. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the transaction, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. 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. Keefe, Bruyette & Woods lifted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.58.

AGNC Investment Company 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).