Boston Partners Reduces Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Boston Partners decreased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,055,308 shares of the real estate investment trust’s stock after selling 41,253 shares during the period. Boston Partners owned about 0.12% of AGNC Investment worth $9,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock worth $70,796,000 after purchasing an additional 162,152 shares during the last quarter. Barclays PLC boosted its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after acquiring an additional 71,330 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after purchasing an additional 242,640 shares during the period. Howard Financial Services LTD. lifted its position in AGNC Investment by 195.2% during the fourth quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 35,598 shares during the period. Finally, Swiss National Bank increased its stake in shares of AGNC Investment by 5.0% during the 3rd quarter. Swiss National Bank now owns 1,436,500 shares of the real estate investment trust’s stock valued at $15,026,000 after acquiring an additional 68,300 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Stock Performance

Shares of AGNC opened at $10.29 on Friday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 10.61 and a beta of 1.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $10.07 and its two-hundred day moving average is $9.93. AGNC Investment Corp. has a 52-week low of $8.92 and a 52-week high of $10.85.

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

AGNC Investment Announces Dividend

The company also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.

Analysts Set New Price Targets

AGNC has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price objective 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. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Argus raised AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Company 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).