AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,187,730 shares of the real estate investment trust's stock after selling 717,035 shares during the quarter. Northern Trust Corp owned 0.86% of AGNC Investment worth $52,552,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGNC. Coppell Advisory Solutions Corp. acquired a new position in AGNC Investment during the fourth quarter worth $27,000. Fiduciary Alliance LLC acquired a new position in AGNC Investment during the second quarter worth $31,000. Private Trust Co. NA raised its holdings in AGNC Investment by 49.4% during the second quarter. Private Trust Co. NA now owns 3,025 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Worth Asset Management LLC acquired a new position in AGNC Investment during the first quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in AGNC Investment by 128.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 2,015 shares during the last quarter. 38.86% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.05 on Friday. The company has a market cap of $6.07 billion, a P/E ratio of 24.46 and a beta of 1.28. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $12.25. The business has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $9.40.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. The business had revenue of $593.00 million during the quarter, compared to the consensus estimate of $310.17 million. AGNC Investment had a return on equity of 28.72% and a net margin of 17.39%. During the same quarter in the previous year, the business earned $0.84 earnings per share. Equities research analysts forecast that AGNC Investment Corp. will post 2.52 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a nov 23 dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.12 per share. This represents a yield of 17.1%. The ex-dividend date of this dividend is Wednesday, November 29th. AGNC Investment's dividend payout ratio (DPR) is presently 389.19%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGNC. Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, November 3rd. Barclays began coverage on AGNC Investment in a research report on Wednesday, November 15th. They set an "equal weight" rating and a $8.00 price target for the company. UBS Group raised AGNC Investment from a "neutral" rating to a "buy" rating and raised their price target for the stock from $10.50 to $11.50 in a research report on Monday, September 18th. Finally, StockNews.com downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.21.

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).

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.