US Bancorp DE Has $1.75 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• US Bancorp DE has reduced its stake in AGNC Investment Corp. by 44.9%, owning 182,581 shares valued at approximately $1.75 million as reported in its latest SEC filing.
• AGNC Investment Corp. recently announced a monthly dividend of $0.12 per share, with a substantial annualized dividend yield of 15.2%.
• Despite strong revenue of $830 million for the quarter, AGNC missed earnings expectations, reporting $0.38 EPS, below the consensus estimate of $0.42.

US Bancorp DE reduced its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 44.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,581 shares of the real estate investment trust's stock after selling 148,539 shares during the quarter. US Bancorp DE's holdings in AGNC Investment were worth $1,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position 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 acquiring an additional 970 shares in the last quarter. Kovack Advisors Inc. raised its position in AGNC Investment by 0.5% during the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after acquiring an additional 1,186 shares in the last quarter. CoreCap Advisors LLC raised its position in 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 acquiring an additional 1,229 shares in the last quarter. IFP Advisors Inc boosted its position in 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 during the period. Finally, HB Wealth Management LLC boosted its position in 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 during the period. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Performance

NASDAQ:AGNC traded up $0.11 during mid-day trading on Tuesday, reaching $9.44. 4,615,228 shares of the company's stock were exchanged, compared to its average volume of 25,761,719. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The firm has a market capitalization of $9.83 billion, a PE ratio of 27.75 and a beta of 1.28. The business's fifty day simple moving average is $9.36 and its two-hundred day simple moving average is $9.44. 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 posted 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). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The company had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same period last year, the firm earned $0.53 EPS. Analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced 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. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is Friday, August 29th. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Insider Activity

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the firm'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 transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AGNC shares. UBS Group increased their price objective on shares of AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Jones Trading reissued a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. Royal Bank Of Canada dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" 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).