Signaturefd LLC lessened its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,614 shares of the real estate investment trust’s stock after selling 2,985 shares during the quarter. Signaturefd LLC’s holdings in AGNC Investment were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of AGNC Investment by 276.9% during the 1st quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,152 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $30,000. Harvest Group Wealth Management LLC acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $49,000. Westside Investment Management Inc. acquired a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $50,000. Finally, Destination Wealth Management acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors own 66.41% of the company’s stock.
AGNC Investment stock opened at $16.19 on Friday. The company’s 50 day simple moving average is $17.10 and its 200 day simple moving average is $17.45. AGNC Investment Corp. has a fifty-two week low of $16.03 and a fifty-two week high of $19.40. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.79 and a beta of 0.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13.
The company also recently disclosed a aug 19 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a dividend of $0.16 per share. This represents a yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 29th. AGNC Investment’s payout ratio is 81.70%.
In related news, CEO Gary D. Kain purchased 97,802 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $17.73 per share, with a total value of $1,734,029.46. Following the completion of the purchase, the chief executive officer now owns 1,300 shares in the company, valued at approximately $23,049. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary D. Kain purchased 7,500 shares of the business’s stock in a transaction on Friday, May 24th. The stock was bought at an average cost of $17.01 per share, for a total transaction of $127,575.00. Following the purchase, the chief executive officer now owns 1,300 shares of the company’s stock, valued at approximately $22,113. The disclosure for this purchase can be found here. 0.30% of the stock is owned by company insiders.
AGNC has been the subject of several analyst reports. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research report on Friday, July 26th. TheStreet cut shares of AGNC Investment from a “c” rating to a “d+” rating in a research report on Thursday, July 25th. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. UBS Group began coverage on shares of AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.17.
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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