Strategic Financial Concepts LLC Lowers Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Strategic Financial Concepts LLC reduced its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 63,145 shares of the real estate investment trust’s stock after selling 3,276 shares during the period. Strategic Financial Concepts LLC’s holdings in AGNC Investment were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGNC. Vaughan Nelson Investment Management L.P. raised its stake in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares during the last quarter. Geode Capital Management LLC grew its position in AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after buying an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in AGNC Investment by 5.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock valued at $80,392,000 after buying an additional 424,990 shares during the last quarter. Equity Investment Corp grew its position in AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after buying an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after buying an additional 162,152 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AGNC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Argus raised shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Trading Down 0.2 %

Shares of AGNC stock opened at $10.47 on Thursday. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The stock has a market cap of $9.27 billion, a P/E ratio of 10.79 and a beta of 1.48. The business has a fifty day simple moving average of $9.68 and a 200-day simple moving average of $9.90. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s payout ratio is 148.46%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

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).