Charles Schwab Investment Management Inc. Sells 353,130 Shares of AGNC Investment Corp. $AGNC

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in AGNC Investment Corp. by 4.8%, selling 353,130 shares in the 1st quarter, leaving them with approximately 6.99 million shares valued at $67 million.
• AGNC Investment Corp. reported earnings of $0.38 per share for the last quarter, missing analyst expectations, while their revenue significantly surpassed estimates at $830 million.
• The company announced a monthly dividend of $0.12 per share, yielding 15.0%, with a payout ratio of 423.53% scheduled for payment on September 10th, for shareholders recorded by August 29th.

Charles Schwab Investment Management Inc. reduced its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,996,527 shares of the real estate investment trust's stock after selling 353,130 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.76% of AGNC Investment worth $67,027,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC bought a new position in AGNC Investment in the fourth quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new position in AGNC Investment during the 1st quarter worth about $28,000. Larson Financial Group LLC boosted its holdings in AGNC Investment by 326.3% in the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of AGNC Investment in the 1st quarter valued at $35,000. Finally, Rossby Financial LCC acquired a new stake in AGNC Investment during the 1st quarter worth about $38,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

NASDAQ:AGNC traded up $0.07 during mid-day trading on Tuesday, hitting $9.65. 2,499,946 shares of the stock traded hands, compared to its average volume of 25,358,020. 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 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.05 billion, a PE ratio of 28.40 and a beta of 1.28. The business's 50-day moving average price is $9.41 and its 200 day moving average price is $9.43.

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

AGNC Investment Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on AGNC. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wells Fargo & Company cut their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their price target 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, Jones Trading reissued a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.58.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the business'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 transaction, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value 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 disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

AGNC Investment 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).