Ameriprise Financial Inc. Sells 135,544 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Ameriprise Financial Inc. trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,612 shares of the real estate investment trust's stock after selling 135,544 shares during the period. Ameriprise Financial Inc. owned about 0.07% of AGNC Investment worth $5,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after purchasing an additional 71,330 shares during the last quarter. Park Avenue Securities LLC grew its position in AGNC Investment by 139.4% in the 4th quarter. Park Avenue Securities LLC now owns 28,595 shares of the real estate investment trust's stock worth $263,000 after purchasing an additional 16,651 shares during the last quarter. HB Wealth Management LLC bought a new position in AGNC Investment in the 4th quarter worth about $129,000. SG Americas Securities LLC bought a new position in shares of AGNC Investment in the fourth quarter valued at approximately $1,913,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of AGNC Investment by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 203,670 shares of the real estate investment trust's stock valued at $1,876,000 after acquiring an additional 10,031 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Royal Bank of Canada dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of "Moderate Buy" and a consensus target price of $9.96.

Insider Activity

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 90,345 shares in the company, valued at approximately $783,291.15. This represents a 16.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president now owns 447,841 shares of the company's stock, valued at approximately $4,044,004.23. This trade represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Up 1.9%

AGNC traded up $0.18 during trading on Wednesday, reaching $9.16. The company had a trading volume of 4,557,334 shares, compared to its average volume of 20,670,907. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The business's fifty day moving average price is $8.94 and its 200 day moving average price is $9.51. The company has a market cap of $9.34 billion, a P/E ratio of 9.41 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period in the prior year, the firm earned $0.58 EPS. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a $0.12 dividend. This represents a yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's dividend payout ratio is currently 360.00%.

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).