Consolidated Portfolio Review Corp Cuts Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Consolidated Portfolio Review Corp lowered its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,271 shares of the real estate investment trust’s stock after selling 4,659 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in AGNC Investment were worth $547,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AGNC. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment during the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC bought a new position in AGNC Investment during the fourth quarter valued at about $37,000. Verity & Verity LLC bought a new position in AGNC Investment during the first quarter valued at about $45,000. CENTRAL TRUST Co bought a new position in AGNC Investment during the fourth quarter valued at about $46,000. Finally, Allworth Financial LP grew its position in AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares during the period. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

AGNC Investment Price Performance

Shares of AGNC Investment stock traded up $0.06 on Friday, reaching $9.75. The stock had a trading volume of 6,003,756 shares, compared to its average volume of 10,901,380. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a market cap of $7.09 billion, a P/E ratio of 10.71 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $9.65 and its two-hundred day moving average is $9.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The firm had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, research analysts anticipate that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be paid a $0.12 dividend. This represents a yield of 14.8%. The ex-dividend date of this dividend is Friday, June 28th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the sale, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares in the company, valued at $706,345.75. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock valued at $149,030 over the last three months. 0.43% of the stock is owned by corporate 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).