AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNCFree Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 336,144 shares of the real estate investment trust’s stock after selling 51,075 shares during the period. QRG Capital Management Inc. owned about 0.05% of AGNC Investment worth $3,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC purchased a new position in shares of AGNC Investment during the 4th quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new position in AGNC Investment during the 4th quarter worth $37,000. CENTRAL TRUST Co bought a new stake in shares of AGNC Investment in the 4th quarter worth about $46,000. Allworth Financial LP raised its stake in shares of AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of AGNC Investment during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGNC. Royal Bank of Canada cut their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Compass Point initiated coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target on the stock. Barclays increased their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

Get Our Latest Stock Analysis on AGNC

AGNC Investment Price Performance

NASDAQ AGNC opened at $9.70 on Tuesday. The firm has a market capitalization of $7.05 billion, a PE ratio of 10.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64. The company’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.36.

AGNC Investment (NASDAQ:AGNCGet Free Report) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the business posted $0.70 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date is Friday, May 31st. AGNC Investment’s payout ratio is 158.24%.

Insiders Place Their Bets

In related news, Director Paul E. Mullings sold 5,400 shares of the 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 completion of the transaction, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,900 shares of company stock worth $149,030. 0.43% of the stock is owned by insiders.

About AGNC Investment

(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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