B. Riley Wealth Advisors Inc. Sells 50,670 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

B. Riley Wealth Advisors Inc. cut its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 39.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 77,202 shares of the real estate investment trust's stock after selling 50,670 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in AGNC Investment were worth $720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hsbc Holdings PLC raised its holdings in AGNC Investment by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock valued at $168,000 after acquiring an additional 970 shares in the last quarter. CIBC Asset Management Inc increased its holdings in AGNC Investment by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust's stock valued at $197,000 after purchasing an additional 1,075 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of AGNC Investment by 34.8% in the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,229 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of AGNC Investment by 2.9% in the fourth quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust's stock worth $427,000 after acquiring an additional 1,303 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of AGNC Investment by 10.5% during the fourth quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust's stock worth $132,000 after buying an additional 1,359 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the sale, the director now directly owns 90,345 shares in the company, valued at $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president now directly owns 447,841 shares of the company's stock, valued at approximately $4,044,004.23. This represents a 3.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,384 shares of company stock worth $1,228,039. Corporate insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen downgraded 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 on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lowered their target price 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, Argus reissued a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.96.

AGNC Investment Trading Down 1.9%

NASDAQ:AGNC traded down $0.17 on Friday, reaching $8.94. The company's stock had a trading volume of 36,708,504 shares, compared to its average volume of 21,031,878. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $8.88 and a 200 day moving average price of $9.50. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 9.22 and a beta of 1.30.

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

AGNC Investment Announces Dividend

The firm also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio is presently 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).