Raymond James Financial Inc. Reduces Stock Position in AGNC Investment Corp. $AGNC

Key Points

• Raymond James Financial Inc. reduced its stake in AGNC Investment Corp. by 26.3%, owning 3,189,583 shares valued at approximately $30.56 million after selling 1,136,187 shares.
• AGNC Investment announced a monthly dividend of $0.12 per share, with an annualized yield of 14.6%, despite a payout ratio of 423.53%.
• The stock's recent performance indicates a twelve-month low of $7.85 and a high of $10.85, with a current price of $9.88.

Raymond James Financial Inc. cut its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 26.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,189,583 shares of the real estate investment trust's stock after selling 1,136,187 shares during the period. Raymond James Financial Inc. owned approximately 0.31% of AGNC Investment worth $30,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in AGNC. Hsbc Holdings PLC lifted its stake in AGNC Investment by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock worth $168,000 after purchasing an additional 970 shares in the last quarter. Kovack Advisors Inc. raised its stake in AGNC Investment by 0.5% in the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock valued at $2,130,000 after buying an additional 1,186 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,229 shares in the last quarter. IFP Advisors Inc increased its position in shares of AGNC Investment by 24.2% during the first quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 1,261 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of AGNC Investment by 9.2% during the first quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 1,296 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In related 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 transaction of $195,682.70. Following the completion of the sale, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. This represents a 15.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, 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. Corporate insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Argus restated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Royal Bank Of Canada reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Jones Trading restated a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group lifted their price objective on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $9.58.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $9.88 on Monday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 29.06 and a beta of 1.28. The firm's fifty day simple moving average is $9.44 and its 200 day simple moving average is $9.42.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, 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 company 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 $0.12 dividend. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 14.6%. AGNC Investment's payout ratio is currently 423.53%.

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).

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