US Bancorp DE Sells 4,792 Shares of AGNC Investment Corp. $AGNC

US Bancorp DE lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,789 shares of the real estate investment trust’s stock after selling 4,792 shares during the period. US Bancorp DE’s holdings in AGNC Investment were worth $1,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV raised its position in AGNC Investment by 10.2% in the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 3,081 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in AGNC Investment by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 7,650 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in AGNC Investment in the 1st quarter valued at approximately $1,240,000. Dynamic Advisor Solutions LLC raised its position in AGNC Investment by 83.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 67,571 shares of the real estate investment trust’s stock valued at $647,000 after buying an additional 30,835 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in AGNC Investment by 75.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,257 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price 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 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 boosted their price target on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Finally, Piper Sandler boosted their price target on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.75.

AGNC Investment Stock Down 1.0%

AGNC stock opened at $9.92 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.33 billion, a PE ratio of 29.18 and a beta of 1.32. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63. The business’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $9.37.

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

AGNC Investment Dividend Announcement

The company also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a yield of 1,417.0%. AGNC Investment’s payout ratio is 423.53%.

Insider Buying and Selling at AGNC Investment

In related news, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director owned 128,511 shares of the company’s stock, valued at $1,234,990.71. This trade represents a 7.88% 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.

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).