Quantbot Technologies LP Sells 616,868 Shares of AGNC Investment Corp. $AGNC

Quantbot Technologies LP cut its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 91.9% during the 3rd quarter, Holdings Channel reports. The fund owned 54,541 shares of the real estate investment trust’s stock after selling 616,868 shares during the period. Quantbot Technologies LP’s holdings in AGNC Investment were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB increased its stake in shares of AGNC Investment by 68.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 370,100 shares of the real estate investment trust’s stock worth $3,623,000 after purchasing an additional 150,000 shares in the last quarter. TIAA Trust National Association bought a new position in shares of AGNC Investment in the third quarter worth about $167,000. Xponance Inc. lifted its position in shares of AGNC Investment by 8.3% during the 3rd quarter. Xponance Inc. now owns 57,504 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 4,412 shares in the last quarter. Choreo LLC grew its stake in shares of AGNC Investment by 5.0% during the 3rd quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 985 shares during the period. Finally, AlphaCore Capital LLC increased its holdings in AGNC Investment by 1.6% in the 3rd quarter. AlphaCore Capital LLC now owns 107,703 shares of the real estate investment trust’s stock worth $1,067,000 after acquiring an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AGNC shares. Piper Sandler lifted their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Wells Fargo & Company increased their price target on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Finally, JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and a consensus target price of $11.03.

AGNC Investment Price Performance

Shares of AGNC opened at $10.64 on Monday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. The company has a 50 day moving average of $11.35 and a two-hundred day moving average of $10.59. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 7.60 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last announced its 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). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $354.75 million. As a group, analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal 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 $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, February 27th. AGNC Investment’s dividend payout ratio is presently 102.86%.

Insider Activity

In related news, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the sale, the executive vice president owned 552,297 shares in the company, valued at $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the transaction, the executive vice president owned 491,728 shares in the company, valued at approximately $5,969,577.92. This trade represents a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 775,000 shares of company stock valued at $9,246,000. Company 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.