AGNC Investment Corp. $AGNC Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management reduced its stake in AGNC Investment Corp. by 5.9%, owning approximately 821,571 shares valued at $7.97 million after selling 51,285 shares recently.
• AGNC Investment reported a quarterly earnings miss, with $0.38 EPS compared to analyst expectations of $0.42, despite a revenue of $830 million during the quarter.
• The company recently declared a $0.12 dividend to be paid on September 10th, with an annualized yield of 14.7%.

Evergreen Capital Management LLC lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 821,571 shares of the real estate investment trust's stock after selling 51,285 shares during the quarter. Evergreen Capital Management LLC owned approximately 0.08% of AGNC Investment worth $7,968,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of AGNC Investment by 96.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust's stock worth $1,014,000 after buying an additional 54,049 shares during the period. KBC Group NV raised its position in shares of AGNC Investment by 10.2% in the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock worth $320,000 after buying an additional 3,081 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of AGNC Investment by 14.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust's stock worth $192,000 after buying an additional 2,465 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of AGNC Investment in the 1st quarter worth $1,240,000. Finally, Deutsche Bank AG raised its position in shares of AGNC Investment by 11.8% in the 4th quarter. Deutsche Bank AG now owns 38,125 shares of the real estate investment trust's stock worth $351,000 after buying an additional 4,019 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Up 0.9%

NASDAQ AGNC traded up $0.09 during trading hours on Wednesday, hitting $9.85. The company had a trading volume of 8,691,012 shares, compared to its average volume of 24,898,836. The firm's 50 day moving average is $9.51 and its 200 day moving average is $9.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 28.96 and a beta of 1.30. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

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

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 14.6%. AGNC Investment's payout ratio is currently 423.53%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AGNC. Jones Trading reaffirmed a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. UBS Group increased their target price on AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.63.

Insider Activity at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction that occurred on 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 approximately $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

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).