Davidson Investment Advisors Has $36.74 Million Stock Position in AGNC Investment Corp. $AGNC

Key Points

• Davidson Investment Advisors reduced its AGNC Investment stake by 16.2% in the second quarter, selling 652,822 shares. It still owned 3.37 million shares valued at approximately $36.7 million, representing 1.5% of its portfolio.
• Institutional investors own 38.28% of AGNC, with Vanguard holding nearly 97.75 million shares. An AGNC executive also sold 5,000 shares, while insiders own 0.40% of the company.
• Analysts have a consensus “Hold” rating and an average price target of $11.11, compared with a recent share price of $10.90. AGNC reported quarterly EPS of $0.40, above estimates, and declared a monthly dividend of $0.12 per share, implying a 13.2% annualized yield.

Davidson Investment Advisors lowered its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 16.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,371,067 shares of the real estate investment trust's stock after selling 652,822 shares during the period. AGNC Investment makes up 1.5% of Davidson Investment Advisors' holdings, making the stock its 16th biggest holding. Davidson Investment Advisors owned 0.28% of AGNC Investment worth $36,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGNC. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust's stock worth $1,047,828,000 after acquiring an additional 1,304,782 shares during the period. International Assets Investment Management LLC increased its stake in AGNC Investment by 43.1% in the fourth quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust's stock valued at $5,216,000 after acquiring an additional 146,508 shares during the last quarter. BlackRock Inc. bought a new position in AGNC Investment in the second quarter valued at approximately $704,076,000. QRG Capital Management Inc. increased its stake in AGNC Investment by 921.8% in the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust's stock valued at $5,724,000 after acquiring an additional 514,804 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in AGNC Investment by 187.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust's stock valued at $8,430,000 after purchasing an additional 512,574 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGNC. JPMorgan Chase & Co. restated a "neutral" rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Compass Point cut AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Weiss Ratings raised AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $11.11.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.90 on Friday. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. The firm has a 50 day simple moving average of $10.88 and a 200 day simple moving average of $10.69. AGNC Investment Corp. has a one year low of $9.62 and a one year high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analysts' expectations of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. As a group, analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment's dividend payout ratio (DPR) is 75.79%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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