Sawtooth Solutions LLC trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 25.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,898 shares of the real estate investment trust’s stock after selling 4,292 shares during the quarter. Sawtooth Solutions LLC’s holdings in AGNC Investment were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its stake in AGNC Investment by 84.5% in the first quarter. Xact Kapitalforvaltning AB now owns 163,706 shares of the real estate investment trust’s stock valued at $2,947,000 after acquiring an additional 75,000 shares during the period. NumerixS Investment Technologies Inc grew its stake in AGNC Investment by 100.0% in the first quarter. NumerixS Investment Technologies Inc now owns 66,600 shares of the real estate investment trust’s stock valued at $1,204,000 after acquiring an additional 33,300 shares during the period. Envestnet Asset Management Inc. grew its stake in AGNC Investment by 41.5% in the first quarter. Envestnet Asset Management Inc. now owns 95,584 shares of the real estate investment trust’s stock valued at $1,721,000 after acquiring an additional 28,029 shares during the period. Commonwealth Bank of Australia grew its stake in AGNC Investment by 9.2% in the first quarter. Commonwealth Bank of Australia now owns 537,376 shares of the real estate investment trust’s stock valued at $9,668,000 after acquiring an additional 45,498 shares during the period. Finally, IPG Investment Advisors LLC grew its stake in AGNC Investment by 3.3% in the first quarter. IPG Investment Advisors LLC now owns 24,952 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 800 shares during the period. Institutional investors own 68.40% of the company’s stock.
A number of equities research analysts have commented on AGNC shares. TheStreet raised AGNC Investment from a “d+” rating to a “c” rating in a research note on Thursday, April 25th. Zacks Investment Research raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Nomura started coverage on AGNC Investment in a research note on Wednesday, March 27th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, BidaskClub raised AGNC Investment from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.60.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). The company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $327.08 million. AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. During the same period in the previous year, the firm earned $0.60 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 2.02 earnings per share for the current year.
The business also recently announced a may 19 dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a dividend yield of 10.98%. AGNC Investment’s payout ratio is 81.70%.
In related news, CEO Gary D. Kain bought 97,802 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $17.73 per share, with a total value of $1,734,029.46. Following the completion of the transaction, the chief executive officer now directly owns 1,300 shares in the company, valued at $23,049. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Kain bought 7,500 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were bought at an average cost of $17.01 per share, for a total transaction of $127,575.00. Following the transaction, the chief executive officer now owns 1,300 shares of the company’s stock, valued at $22,113. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.
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).
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