Quantbot Technologies LP Sells 616,868 Shares of AGNC Investment Corp. $AGNC

Key Points

• Quantbot Technologies LP cut its stake in AGNC by 91.9%, selling 616,868 shares and leaving 54,541 shares worth about $534,000 at the end of the quarter.
• Company insiders have been selling heavily — Director Gary D. Kain sold 700,000 shares (≈$8.34M) and insiders sold a total of 775,000 shares (~$9.25M) in the last 90 days.
• AGNC declared a monthly dividend of $0.12 (annualized yield ~13.5%), but the payout ratio is high at about 102.86%, indicating the dividend may not be fully covered by earnings.

Quantbot Technologies LP reduced its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 91.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,541 shares of the real estate investment trust's stock after selling 616,868 shares during the period. Quantbot Technologies LP's holdings in AGNC Investment were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AGNC. AQR Capital Management LLC boosted its stake in shares of AGNC Investment by 51.9% in the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust's stock valued at $614,000 after purchasing an additional 21,897 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in AGNC Investment by 38.4% in the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 6,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of AGNC Investment by 16.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust's stock worth $26,937,000 after buying an additional 387,524 shares during the period. Atria Investments Inc grew its stake in shares of AGNC Investment by 15.8% during the second quarter. Atria Investments Inc now owns 22,737 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 3,109 shares during the period. Finally, Bank of Montreal Can boosted its stake in AGNC Investment by 180.1% during the 2nd quarter. Bank of Montreal Can now owns 72,608 shares of the real estate investment trust's stock worth $667,000 after acquiring an additional 46,682 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

Insider Transactions at AGNC Investment

In other news, Director Gary D. Kain sold 700,000 shares of the firm's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth L. Pollack sold 50,000 shares of AGNC Investment stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company's stock, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 775,000 shares of company stock worth $9,246,000 in the last ninety days. Insiders own 0.42% of the company's stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $10.64 on Monday. The firm's 50-day moving average price is $11.35 and its 200-day moving average price is $10.59. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $12.19. The company has a market cap of $11.80 billion, a PE ratio of 7.60 and a beta of 1.37. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. As a group, analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, February 27th. AGNC Investment's dividend payout ratio is presently 102.86%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BTIG Research lowered shares of AGNC Investment from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 6th. Wells Fargo & Company lifted their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Barclays increased their price target on shares of AGNC Investment from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 6th. Finally, Piper Sandler upped their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an "overweight" rating in a report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $11.03.

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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