Signaturefd LLC reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,786 shares of the real estate investment trust’s stock after selling 4,776 shares during the period. Signaturefd LLC’s holdings in AGNC Investment were worth $62,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of AGNC. Charles Schwab Investment Management Inc. raised its stake in shares of AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after acquiring an additional 162,152 shares during the period. Barclays PLC raised its position in AGNC Investment by 4.8% in the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after purchasing an additional 71,330 shares during the period. Geode Capital Management LLC lifted its stake in AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after purchasing an additional 242,640 shares in the last quarter. Howard Financial Services LTD. boosted its position in shares of AGNC Investment by 195.2% during the fourth quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 35,598 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock valued at $6,060,000 after buying an additional 154,029 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.
AGNC Investment Stock Down 0.4 %
AGNC Investment stock opened at $10.13 on Tuesday. The stock has a 50-day simple moving average of $10.12 and a 200-day simple moving average of $9.93. The company has a market capitalization of $9.27 billion, a P/E ratio of 10.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85.
AGNC Investment Announces Dividend
The firm also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.
Insider Buying and Selling
In related news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.
Wall Street Analysts Forecast Growth
AGNC has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.50.
Read Our Latest Report on AGNC
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).
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