International Assets Investment Management LLC Grows Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

International Assets Investment Management LLC grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCFree Report) by 11.9% in the first quarter, Holdings Channel reports. The firm owned 91,091 shares of the real estate investment trust’s stock after acquiring an additional 9,678 shares during the period. International Assets Investment Management LLC’s holdings in AGNC Investment were worth $893,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC grew its position in shares of AGNC Investment by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 100,504 shares of the real estate investment trust’s stock worth $949,000 after buying an additional 4,116 shares during the last quarter. Citigroup Inc. increased its position in shares of AGNC Investment by 103.2% during the third quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 94,332 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of AGNC Investment during the third quarter worth $432,000. Envestnet Asset Management Inc. lifted its holdings in shares of AGNC Investment by 37.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 930,153 shares of the real estate investment trust’s stock valued at $8,781,000 after purchasing an additional 251,847 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of AGNC Investment by 55.2% in the 3rd quarter. Hsbc Holdings PLC now owns 102,390 shares of the real estate investment trust’s stock worth $975,000 after purchasing an additional 36,396 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Price Performance

Shares of AGNC stock traded down $0.03 during trading hours on Friday, hitting $9.76. 15,446,900 shares of the company’s stock were exchanged, compared to its average volume of 10,064,675. The firm has a 50 day moving average of $9.55 and a two-hundred day moving average of $9.61. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The firm has a market cap of $7.09 billion, a P/E ratio of 10.73 and a beta of 1.47. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNCGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same period last year, the firm posted $0.70 earnings per share. Sell-side analysts forecast that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a jun 24 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 14.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of research analyst reports. Janney Montgomery Scott began coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Jonestrading decreased their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $9.88.

Get Our Latest Analysis on AGNC

Insider Activity

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,900 shares of company stock worth $149,030 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

AGNC Investment Profile

(Free Report)

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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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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