AGNC Investment Corp. $AGNC Stock Holdings Cut by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,891 shares of the real estate investment trust’s stock after selling 7,477 shares during the quarter. QRG Capital Management Inc.’s holdings in AGNC Investment were worth $422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of AGNC Investment by 10.2% during the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 3,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AGNC Investment by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 7,650 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of AGNC Investment by 14.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 2,465 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of AGNC Investment during the 1st quarter worth $1,240,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of AGNC Investment by 83.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 67,571 shares of the real estate investment trust’s stock worth $647,000 after acquiring an additional 30,835 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Activity

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the transaction, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director owned 112,685 shares in the company, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.93 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The business has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $9.36. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 29.21 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $447.37 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.12 per share. This represents a yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is 423.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. UBS Group raised their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday. Jones Trading reissued a “buy” rating and set a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, Piper Sandler raised their price objective on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

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).