Global Assets Advisory LLC Trims Holdings in AGNC Investment Corp. $AGNC

Global Assets Advisory LLC decreased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 64.1% during the second quarter, HoldingsChannel.com reports. The firm owned 63,620 shares of the real estate investment trust’s stock after selling 113,799 shares during the period. Global Assets Advisory LLC’s holdings in AGNC Investment were worth $594,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AGNC. N.E.W. Advisory Services LLC purchased a new stake in shares of AGNC Investment in the first quarter worth about $28,000. Larson Financial Group LLC lifted its stake in AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,519 shares in the last quarter. AlphaQuest LLC bought a new position in AGNC Investment in the 1st quarter valued at $34,000. VSM Wealth Advisory LLC bought a new position in AGNC Investment in the 1st quarter valued at $35,000. Finally, Trust Co. of Vermont grew its position in shares of AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 0.5%

Shares of NASDAQ:AGNC opened at $10.06 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $10.48 billion, a P/E ratio of 29.59 and a beta of 1.32. The stock has a 50 day moving average price of $9.82 and a 200-day moving average price of $9.35. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results 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 business had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 423.53%.

Insider Buying and Selling

In other news, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company’s stock, valued at $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction that occurred on 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 directly owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Jones Trading reaffirmed a “buy” rating and issued a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $9.63.

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).