Charles Schwab Investment Management Inc. Decreases Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Charles Schwab Investment Management Inc. reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,996,527 shares of the real estate investment trust’s stock after selling 353,130 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.76% of AGNC Investment worth $67,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farringdon Capital Ltd. purchased a new position in AGNC Investment in the 4th quarter valued at about $639,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of AGNC Investment by 96.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 54,049 shares during the last quarter. KBC Group NV lifted its position in shares of AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 3,081 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of AGNC Investment by 14.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 2,465 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of AGNC Investment during the first quarter worth about $1,240,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the transaction, the director owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.61 on Friday. The company has a market capitalization of $10.01 billion, a PE ratio of 28.27 and a beta of 1.28. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $9.39 and its 200 day moving average price is $9.44.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%. The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same quarter last year, the business earned $0.53 EPS. As a group, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date is Friday, August 29th. AGNC Investment’s payout ratio is 423.53%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Jones Trading reaffirmed a “buy” rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group increased their price target on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Royal Bank Of Canada reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Finally, Argus reiterated a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, AGNC Investment presently has an average rating of “Hold” and an average price target of $9.58.

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).