Boston Partners Has $9.62 Million Holdings in AGNC Investment Corp. $AGNC

Key Points

• Boston Partners has decreased its stake in AGNC Investment Corp. by 4.8%, selling 51,079 shares and now owns around 0.10% of the company worth approximately $9.6 million.
• AGNC Investment recently reported earnings of $0.38 per share, missing analyst expectations, and declared a monthly dividend of $0.12 per share set to be paid on September 10th.
• Several analysts have recently adjusted their price targets for AGNC shares, with Royal Bank of Canada lowering its target to $10.00 while UBS Group raised theirs to $9.50.

Boston Partners lessened its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,229 shares of the real estate investment trust's stock after selling 51,079 shares during the period. Boston Partners owned about 0.10% of AGNC Investment worth $9,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AGNC. Nuveen LLC bought a new position in AGNC Investment during the 1st quarter worth about $30,546,000. Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment by 18.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after purchasing an additional 2,589,020 shares in the last quarter. Vanguard Group Inc. increased its holdings in AGNC Investment by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock worth $821,765,000 after purchasing an additional 2,462,337 shares in the last quarter. Citigroup Inc. increased its holdings in AGNC Investment by 496.7% during the 1st quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust's stock worth $14,247,000 after purchasing an additional 1,862,128 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in AGNC Investment by 24.9% during the 4th quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust's stock worth $58,746,000 after purchasing an additional 1,273,565 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Performance

NASDAQ:AGNC traded up $0.0750 during mid-day trading on Wednesday, hitting $9.6850. The stock had a trading volume of 9,067,526 shares, compared to its average volume of 25,308,412. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 28.49 and a beta of 1.28. The company's 50 day simple moving average is $9.41 and its 200 day simple moving average is $9.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results 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). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 14.9%. The ex-dividend date is Friday, August 29th. AGNC Investment's dividend payout ratio (DPR) is 423.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. UBS Group raised their price objective on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Wells Fargo & Company decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.58.

Insider Activity

In related news, Director John D. Fisk sold 20,278 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the sale, the director owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% 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.

About AGNC Investment

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).