PNC Financial Services Group Inc. Sells 4,021 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

PNC Financial Services Group Inc. cut its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 27.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,625 shares of the real estate investment trust’s stock after selling 4,021 shares during the period. PNC Financial Services Group Inc.’s holdings in AGNC Investment were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AGNC. Financial Life Planners bought a new stake in AGNC Investment in the 4th quarter valued at $28,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment during the 3rd quarter valued at about $32,000. Spire Wealth Management increased its stake in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,972 shares during the period. Strategic Financial Concepts LLC raised its position in AGNC Investment by 775.6% in the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 515,148 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in AGNC Investment by 413.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,130 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Down 2.0 %

Shares of NASDAQ:AGNC opened at $9.93 on Wednesday. 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 firm has a market cap of $9.09 billion, a P/E ratio of 10.24 and a beta of 1.50. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $9.92.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s payout ratio is currently 148.45%.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

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).