Park Avenue Securities LLC Sells 18,376 Shares of AGNC Investment Corp. $AGNC

Park Avenue Securities LLC decreased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 57.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,799 shares of the real estate investment trust’s stock after selling 18,376 shares during the period. Park Avenue Securities LLC’s holdings in AGNC Investment were worth $127,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in AGNC Investment in the first quarter valued at approximately $28,000. Larson Financial Group LLC raised its stake in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 2,519 shares during the last quarter. AlphaQuest LLC purchased a new position in AGNC Investment during the first quarter valued at $34,000. VSM Wealth Advisory LLC purchased a new position in AGNC Investment during the first quarter valued at $35,000. Finally, Rossby Financial LCC purchased a new position in shares of AGNC Investment in the first quarter worth $38,000. 38.28% of the stock is currently owned by institutional investors.

Insider Activity at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the business’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 directly owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $195,682.70. Following the completion of the transaction, the director owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGNC. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Jones Trading reiterated a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group upped their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.63.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.01 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63. The business has a 50-day moving average price of $9.81 and a 200 day moving average price of $9.37. The firm has a market cap of $10.43 billion, a PE ratio of 29.44 and a beta of 1.32.

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

AGNC Investment Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a dividend yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment’s dividend payout ratio (DPR) is 423.53%.

About AGNC Investment

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).