Algebris UK Ltd Sells 219,489 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Algebris UK Ltd cut its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 25.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 641,729 shares of the real estate investment trust’s stock after selling 219,489 shares during the quarter. AGNC Investment comprises about 1.4% of Algebris UK Ltd’s holdings, making the stock its 24th biggest holding. Algebris UK Ltd owned about 0.07% of AGNC Investment worth $5,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AGNC. PL Capital Advisors LLC raised its holdings in AGNC Investment by 821.0% in the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock worth $50,332,000 after purchasing an additional 4,871,584 shares in the last quarter. Raymond James Financial Inc. bought a new position in AGNC Investment in the 4th quarter worth $39,840,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AGNC Investment by 115.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after purchasing an additional 1,023,275 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in AGNC Investment by 383.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 949,369 shares of the real estate investment trust’s stock worth $9,930,000 after purchasing an additional 753,102 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in AGNC Investment by 3,409.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 696,095 shares of the real estate investment trust’s stock worth $7,281,000 after purchasing an additional 676,259 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.39 on Wednesday. The company’s 50-day moving average is $10.03 and its 200 day moving average is $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 10.71 and a beta of 1.50. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85.

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 (EPS) 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%. Sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

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

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).