AGNC Investment Corp. $AGNC Position Cut by Vision Financial Markets LLC

Vision Financial Markets LLC decreased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 76.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,000 shares of the real estate investment trust’s stock after selling 60,100 shares during the quarter. Vision Financial Markets LLC’s holdings in AGNC Investment were worth $172,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in AGNC Investment in the 2nd quarter worth about $704,076,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $4,062,000. QRG Capital Management Inc. increased its stake in shares of AGNC Investment by 921.8% in the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after purchasing an additional 514,804 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $3,560,000. Finally, Legal & General Group Plc bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $10,884,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.6%

AGNC traded down $0.05 during trading on Friday, reaching $8.84. The stock had a trading volume of 24,652,675 shares, compared to its average volume of 36,829,268. The stock has a 50 day moving average of $9.79 and a two-hundred day moving average of $10.36. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 884.88 and a beta of 1.36. AGNC Investment Corp. has a 1-year low of $8.38 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. On average, research analysts forecast that AGNC Investment Corp. will post 1.59 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s payout ratio is presently 14,400.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada reduced their price target on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday. Weiss Ratings cut AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment has an average rating of “Hold” and a consensus price target of $10.12.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

AGNC Investment Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.