Vaughan Nelson Investment Management L.P. Has $162.83 Million Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 18.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,996,741 shares of the real estate investment trust's stock after purchasing an additional 2,589,020 shares during the period. AGNC Investment makes up 1.6% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 15th biggest position. Vaughan Nelson Investment Management L.P. owned about 1.86% of AGNC Investment worth $162,828,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AGNC. Fourth Dimension Wealth LLC bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $26,000. National Bank of Canada FI raised its holdings in AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,832 shares during the period. CoreCap Advisors LLC grew its holdings in shares of AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares during the period. Strategic Investment Solutions Inc. IL raised its stake in AGNC Investment by 150.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock worth $46,000 after buying an additional 3,000 shares during the period. Finally, Front Row Advisors LLC lifted its holdings in shares of AGNC Investment by 75.0% during the 4th quarter. Front Row Advisors LLC now owns 7,000 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 3,000 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Donna Blank sold 17,218 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director now owns 90,345 shares in the company, valued at $783,291.15. The trade was a 16.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president now owns 447,841 shares of the company's stock, valued at $4,044,004.23. The trade was a 3.76% 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 over the last ninety days. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. 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 note on Wednesday, April 16th. Argus restated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Jones Trading decreased 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, Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AGNC Investment currently has a consensus rating of "Moderate Buy" and an average target price of $9.75.

AGNC Investment Price Performance

Shares of AGNC stock traded down $0.14 on Tuesday, reaching $9.19. The company had a trading volume of 23,602,892 shares, compared to its average volume of 21,506,906. The stock has a market capitalization of $9.38 billion, a PE ratio of 9.47 and a beta of 1.29. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The business's 50-day moving average is $8.86 and its 200 day moving average is $9.46. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same quarter in the previous year, the company posted $0.58 EPS. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be given a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Monday, June 30th. AGNC Investment's dividend payout ratio is currently 360.00%.

About AGNC Investment

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).