Neo Ivy Capital Management Buys Shares of 61,194 AGNC Investment Corp. $AGNC

Neo Ivy Capital Management purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,194 shares of the real estate investment trust’s stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after buying an additional 1,591,465 shares in the last quarter. Geode Capital Management LLC increased its holdings in AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after acquiring an additional 2,461,255 shares in the last quarter. State Street Corp increased its holdings in AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after acquiring an additional 1,906,785 shares in the last quarter. Norges Bank acquired a new position in AGNC Investment during the second quarter worth about $109,814,000. Finally, Equity Investment Corp raised its position in AGNC Investment by 1.8% during the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after acquiring an additional 164,386 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insiders Place Their Bets

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 775,000 shares of company stock valued at $9,246,000. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of AGNC Investment in a research 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. Based on data from MarketBeat, AGNC Investment has an average rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $10.64 on Friday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 7.60 and a beta of 1.37. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $11.35 and its two-hundred day moving average is $10.58. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. Research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 13.5%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

About AGNC Investment

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.