CIBC Private Wealth Group LLC Sells 6,871 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

CIBC Private Wealth Group LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 31.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,685 shares of the real estate investment trust’s stock after selling 6,871 shares during the period. CIBC Private Wealth Group LLC’s holdings in AGNC Investment were worth $136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGNC. Vanguard Group Inc. lifted its position in AGNC Investment by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock valued at $767,348,000 after acquiring an additional 10,316,999 shares during the last quarter. Norges Bank purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $87,269,000. PL Capital Advisors LLC lifted its holdings in shares of AGNC Investment by 821.0% during the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock valued at $50,332,000 after purchasing an additional 4,871,584 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of AGNC Investment in the 4th quarter worth $39,840,000. Finally, Charles Schwab Investment Management Inc. grew its stake in AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock worth $67,690,000 after buying an additional 581,352 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Price Performance

Shares of AGNC opened at $8.66 on Tuesday. The business’s 50-day moving average is $10.09 and its two-hundred day moving average is $9.86. The company has a market capitalization of $7.93 billion, a P/E ratio of 8.93 and a beta of 1.32. AGNC Investment Corp. has a fifty-two week low of $8.50 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

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

AGNC Investment Announces Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment’s payout ratio is currently 148.45%.

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).