UBS Asset Management Americas Inc. trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,907,508 shares of the real estate investment trust’s stock after selling 1,158,911 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in AGNC Investment were worth $38,513,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd boosted its holdings in AGNC Investment by 3.9% in the third quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock valued at $1,963,000 after acquiring an additional 3,400 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in AGNC Investment by 6.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,003,301 shares of the real estate investment trust’s stock valued at $21,752,000 after acquiring an additional 60,341 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in AGNC Investment by 71.0% in the third quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after acquiring an additional 4,695,908 shares in the last quarter. Denali Advisors LLC bought a new stake in AGNC Investment in the fourth quarter valued at $264,000. Finally, Sei Investments Co. boosted its holdings in shares of AGNC Investment by 82.7% during the 3rd quarter. Sei Investments Co. now owns 242,462 shares of the real estate investment trust’s stock valued at $5,256,000 after buying an additional 109,758 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.
In other AGNC Investment news, CFO Peter J. Federico sold 13,500 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total value of $250,290.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is currently owned by insiders.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 12.17% and a net margin of 86.72%. The business had revenue of $212.00 million during the quarter, compared to analyst estimates of $204.32 million. During the same quarter in the previous year, the firm earned $0.64 EPS. analysts expect that AGNC Investment Corp. will post 2.41 earnings per share for the current year.
The firm also recently announced a feb 18 dividend, which will be paid on Thursday, March 8th. Shareholders of record on Wednesday, February 28th will be given a $0.18 dividend. This represents a yield of 11.45%. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s dividend payout ratio (DPR) is 110.20%.
A number of analysts have recently commented on the stock. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Wells Fargo & Co reiterated a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Friday, December 1st. Maxim Group reiterated a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Finally, Bank of America upgraded shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. AGNC Investment currently has an average rating of “Hold” and a consensus target price of $20.63.
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).
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