AGNC Investment Corp. $AGNC Stock Position Lowered by Vision Financial Markets LLC

Vision Financial Markets LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 76.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the real estate investment trust’s stock after selling 60,100 shares during the period. Vision Financial Markets LLC’s holdings in AGNC Investment were worth $172,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in AGNC Investment during the 2nd quarter valued at $704,076,000. Equity Investment Corp purchased a new stake in shares of AGNC Investment in the second quarter valued at $106,123,000. Bank of America Corp DE acquired a new stake in shares of AGNC Investment in the second quarter worth $77,501,000. Bank of New York Mellon Corp acquired a new stake in shares of AGNC Investment in the second quarter worth $40,182,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of AGNC Investment in the second quarter worth $35,421,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

AGNC traded down $0.05 during trading on Friday, reaching $8.84. 24,652,675 shares of the stock traded hands, compared to its average volume of 36,829,268. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 884.88 and a beta of 1.36. AGNC Investment Corp. has a fifty-two week low of $8.38 and a fifty-two week high of $12.19. The stock’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $10.36.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. Research analysts anticipate that AGNC Investment Corp. will post 1.59 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 annualized dividend and a dividend yield of 16.3%. AGNC Investment’s payout ratio is presently 14,400.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings lowered AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Piper Sandler reduced their price target on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Barclays reduced their price target on shares of AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and an average target price of $10.12.

AGNC Investment Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.