Private Advisor Group LLC lessened its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 32.0% during the 4th quarter, Holdings Channel reports. The firm owned 21,871 shares of the real estate investment trust’s stock after selling 10,270 shares during the quarter. Private Advisor Group LLC’s holdings in AGNC Investment were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. grew its position in AGNC Investment by 16.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 50,332 shares of the real estate investment trust’s stock worth $1,016,000 after purchasing an additional 7,004 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of AGNC Investment by 26.2% in the 4th quarter. Sigma Planning Corp now owns 17,662 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 3,667 shares during the last quarter. Grisanti Capital Management LLC purchased a new stake in shares of AGNC Investment in the 4th quarter valued at $192,000. KBC Group NV boosted its holdings in shares of AGNC Investment by 1.2% in the 4th quarter. KBC Group NV now owns 746,780 shares of the real estate investment trust’s stock valued at $15,077,000 after acquiring an additional 8,957 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of AGNC Investment by 3.5% in the 4th quarter. California Public Employees Retirement System now owns 1,336,562 shares of the real estate investment trust’s stock valued at $26,985,000 after acquiring an additional 45,710 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.
Shares of AGNC Investment Corp. (NASDAQ:AGNC) opened at $18.84 on Monday. The company has a market cap of $7,372.09, a price-to-earnings ratio of 7.48 and a beta of -0.01. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment Corp. has a twelve month low of $17.94 and a twelve month high of $22.34.
The company also recently announced a feb 18 dividend, which will be paid on Thursday, March 8th. Investors of record on Wednesday, February 28th will be paid a $0.18 dividend. This represents a dividend yield of 11.45%. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s dividend payout ratio is currently 110.20%.
In related news, CFO Peter J. Federico sold 13,500 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $18.54, for a total value of $250,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.47% of the company’s stock.
AGNC has been the topic of several recent research reports. BidaskClub downgraded shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of AGNC Investment in a report on Friday, December 1st. Barclays dropped their price objective on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Bank of America raised shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.63.
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AGNC Investment Profile
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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