Raymond James & Associates reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,774 shares of the real estate investment trust’s stock after selling 19,287 shares during the quarter. Raymond James & Associates’ holdings in AGNC Investment were worth $3,327,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of AGNC. Advisors Preferred LLC lifted its position in AGNC Investment by 1,328.9% in the 4th quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 4,651 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in AGNC Investment by 227.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,100 shares in the last quarter. Advantage Investment Management LLC bought a new stake in AGNC Investment in the 4th quarter valued at $131,000. Victory Capital Management Inc. lifted its position in AGNC Investment by 154.5% in the 4th quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 3,987 shares in the last quarter. Finally, National Pension Service bought a new stake in AGNC Investment in the 4th quarter valued at $179,000. 67.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:AGNC opened at $18.95 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04. AGNC Investment Corp. has a one year low of $17.84 and a one year high of $22.34. The stock has a market cap of $7,376.32, a price-to-earnings ratio of 7.48 and a beta of -0.06.
The firm also recently declared a mar 18 dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 28th. This represents a yield of 11.49%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
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 shares were sold at an average price of $18.54, for a total transaction of $250,290.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.40% of the company’s stock.
Several research firms recently commented on AGNC. BidaskClub cut shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America raised shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price objective on shares of AGNC Investment in a research report on Thursday, February 1st. Finally, Barclays cut 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 research report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.96.
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).
Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC).
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.