Wedbush Securities Inc. Sells 18,407 Shares of AGNC Investment Corp. $AGNC

Wedbush Securities Inc. lowered its position in AGNC Investment Corp. (NASDAQ:AGNC) by 21.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,519 shares of the real estate investment trust’s stock after selling 18,407 shares during the period. Wedbush Securities Inc.’s holdings in AGNC Investment were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pekin Hardy Strauss Inc. boosted its holdings in AGNC Investment by 10.8% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 1,141,860 shares of the real estate investment trust’s stock valued at $10,494,000 after acquiring an additional 111,737 shares during the period. Equity Investment Corp grew its holdings in shares of AGNC Investment by 27.0% in the second quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after purchasing an additional 1,995,369 shares during the last quarter. Huntington National Bank increased its stake in AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,199 shares during the period. Bank of Montreal Can lifted its holdings in AGNC Investment by 180.1% during the 2nd quarter. Bank of Montreal Can now owns 72,608 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 46,682 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its position in AGNC Investment by 3.6% in the 2nd quarter. Kovack Advisors Inc. now owns 230,407 shares of the real estate investment trust’s stock valued at $2,117,000 after buying an additional 8,097 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on AGNC shares. Royal Bank Of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. UBS Group increased their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Piper Sandler upped their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Jones Trading reissued a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $10.18.

AGNC Investment Stock Down 0.9%

NASDAQ:AGNC opened at $10.25 on Tuesday. The company’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $9.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.63. The stock has a market capitalization of $11.00 billion, a P/E ratio of 15.30 and a beta of 1.34.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same period in the previous year, the company earned $0.43 EPS. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 1,440.0%. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

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).