Illinois Municipal Retirement Fund Has $1.20 Million Stock Holdings in AGNC Investment Corp. $AGNC

Illinois Municipal Retirement Fund decreased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 57.2% during the 3rd quarter, Holdings Channel reports. The firm owned 122,218 shares of the real estate investment trust’s stock after selling 163,389 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in AGNC Investment were worth $1,197,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AGNC. Savvy Advisors Inc. lifted its stake in AGNC Investment by 7.8% in the third quarter. Savvy Advisors Inc. now owns 80,892 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 5,862 shares during the period. Caprock Group LLC bought a new stake in shares of AGNC Investment in the 3rd quarter valued at $1,765,000. Rhumbline Advisers lifted its position in shares of AGNC Investment by 5.1% during the 3rd quarter. Rhumbline Advisers now owns 896,362 shares of the real estate investment trust’s stock valued at $8,775,000 after acquiring an additional 43,301 shares during the period. Krilogy Financial LLC acquired a new position in shares of AGNC Investment during the 3rd quarter valued at $386,000. Finally, Vision Financial Markets LLC boosted its stake in AGNC Investment by 251.7% during the third quarter. Vision Financial Markets LLC now owns 100,600 shares of the real estate investment trust’s stock worth $985,000 after acquiring an additional 72,000 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Wells Fargo & Company upped their price target on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Price Performance

AGNC stock opened at $11.31 on Thursday. The company has a market capitalization of $12.13 billion, a P/E ratio of 8.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $12.19. The business has a 50-day simple moving average of $11.22 and a two-hundred day simple moving average of $10.45.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%.The company had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $354.75 million. Research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 12.7%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of AGNC Investment stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the transaction, the executive vice president directly owned 552,297 shares of the company’s stock, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the sale, the executive vice president owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 775,000 shares of company stock worth $9,246,000. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.