Boston Partners Trims Position in AGNC Investment Corp. $AGNC

Boston Partners decreased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 829,219 shares of the real estate investment trust’s stock after selling 175,010 shares during the quarter. Boston Partners owned approximately 0.08% of AGNC Investment worth $7,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in AGNC Investment by 7.2% in the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,064 shares during the last quarter. Kovack Advisors Inc. raised its position in shares of AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 1,186 shares during the period. Huntington National Bank raised its position in shares of AGNC Investment by 32.2% during the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,199 shares during the period. CreativeOne Wealth LLC lifted its holdings in AGNC Investment by 9.7% in the first quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 1,237 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in AGNC Investment by 8.8% in the first quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,256 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by company insiders.

AGNC Investment Price Performance

AGNC stock opened at $10.14 on Friday. The business’s fifty day moving average price is $10.08 and its 200 day moving average price is $9.58. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.88 billion, a PE ratio of 15.13 and a beta of 1.34.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 9th. Investors of record on Friday, November 28th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment’s dividend payout ratio is presently 214.93%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGNC. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Tuesday. UBS Group increased their price target on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading restated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Piper Sandler boosted their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.18.

AGNC Investment Company 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).