Two Sigma Investments LP Sells 5,331,470 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Two Sigma Investments LP lowered its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 94.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,093 shares of the real estate investment trust's stock after selling 5,331,470 shares during the period. Two Sigma Investments LP's holdings in AGNC Investment were worth $2,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in AGNC Investment by 4.5% in the fourth quarter. Tidal Investments LLC now owns 100,375 shares of the real estate investment trust's stock valued at $924,000 after acquiring an additional 4,294 shares during the last quarter. Royal Bank of Canada grew its stake in shares of AGNC Investment by 11.9% during the fourth quarter. Royal Bank of Canada now owns 2,042,516 shares of the real estate investment trust's stock worth $18,811,000 after purchasing an additional 217,239 shares during the period. Nuveen Asset Management LLC grew its stake in shares of AGNC Investment by 10.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,896,972 shares of the real estate investment trust's stock worth $26,681,000 after purchasing an additional 284,154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AGNC Investment by 70.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,384 shares of the real estate investment trust's stock valued at $16,738,000 after buying an additional 749,712 shares during the period. Finally, Jacobs Asset Management LLC boosted its holdings in AGNC Investment by 50.1% during the fourth quarter. Jacobs Asset Management LLC now owns 375,300 shares of the real estate investment trust's stock worth $3,457,000 after buying an additional 125,300 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AGNC. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a research note on Tuesday. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jones Trading cut their price objective on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Argus reissued a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.86.

AGNC Investment Stock Performance

Shares of AGNC traded up $0.05 during midday trading on Wednesday, reaching $9.04. The stock had a trading volume of 22,681,358 shares, compared to its average volume of 21,184,272. The firm has a market cap of $9.22 billion, a PE ratio of 9.32 and a beta of 1.29. The firm has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $9.49. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's payout ratio is 360.00%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director now owns 90,345 shares of the company's stock, valued at $783,291.15. The trade was a 16.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the transaction, the chief executive officer now directly owns 1,691,421 shares in the company, valued at $14,715,362.70. This represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,384 shares of company stock valued at $1,228,039 in the last three months. 0.42% of the stock is currently owned by company insiders.

AGNC Investment 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).