Jacobs Asset Management LLC Sells 75,300 Shares of AGNC Investment Corp. $AGNC

Key Points

• Jacobs Asset Management LLC has reduced its stake in AGNC Investment Corp. by 20.1% in the first quarter, now holding 300,000 shares valued at approximately $2.87 million.
• AGNC Investment reported an earnings miss with $0.38 EPS for the quarter, falling short of analysts' expectations of $0.42, while it also announced a monthly dividend of $0.12.
• Hedge funds hold 38.28% of AGNC Investment's stock, with Vanguard Group increasing its position by 3.0% to hold over 85 million shares valued at approximately $821 million.

Jacobs Asset Management LLC trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 20.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the real estate investment trust's stock after selling 75,300 shares during the quarter. AGNC Investment comprises approximately 1.8% of Jacobs Asset Management LLC's holdings, making the stock its 21st largest position. Jacobs Asset Management LLC's holdings in AGNC Investment were worth $2,874,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AGNC. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the first quarter worth about $28,000. Larson Financial Group LLC lifted its position in shares of AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares during the last quarter. AlphaQuest LLC bought a new stake in AGNC Investment during the 1st quarter valued at approximately $34,000. Finally, VSM Wealth Advisory LLC acquired a new stake in AGNC Investment in the 1st quarter valued at approximately $35,000. 38.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other AGNC Investment news, 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 value of $195,682.70. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC traded down $0.01 during midday trading on Thursday, reaching $9.79. 18,317,161 shares of the company's stock were exchanged, compared to its average volume of 16,417,390. The company's 50 day simple moving average is $9.48 and its two-hundred day simple moving average is $9.42. The firm has a market capitalization of $10.20 billion, a PE ratio of 28.79 and a beta of 1.28. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. 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 released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Friday, August 29th. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGNC. UBS Group upped their price target on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Jones Trading reiterated a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.58.

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).