Founders Financial Alliance LLC Decreases Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Founders Financial Alliance LLC lowered its position in AGNC Investment Corp. (NASDAQ:AGNC) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 136,611 shares of the real estate investment trust’s stock after selling 1,577 shares during the period. Founders Financial Alliance LLC’s holdings in AGNC Investment were worth $1,258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGNC. Janney Montgomery Scott LLC purchased a new position in AGNC Investment in the 3rd quarter valued at $2,025,000. QRG Capital Management Inc. lifted its holdings in AGNC Investment by 7.6% in the 3rd quarter. QRG Capital Management Inc. now owns 33,068 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 2,332 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in AGNC Investment in the 3rd quarter valued at $351,000. Atria Investments Inc lifted its holdings in AGNC Investment by 5.4% in the 3rd quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in AGNC Investment by 6.3% in the 3rd quarter. Sigma Planning Corp now owns 121,769 shares of the real estate investment trust’s stock valued at $1,274,000 after purchasing an additional 7,222 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGNC. Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Wells Fargo & Company reduced their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Stock Down 1.4 %

Shares of AGNC opened at $10.23 on Tuesday. The firm has a market cap of $9.37 billion, a P/E ratio of 10.55 and a beta of 1.50. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85. The company’s 50-day moving average price is $9.91 and its 200 day moving average price is $9.93. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 148.45%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

About AGNC Investment

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).