Allworth Financial LP Sells 69,748 Shares of AGNC Investment Corp. $AGNC

Allworth Financial LP lessened its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 36.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,147 shares of the real estate investment trust’s stock after selling 69,748 shares during the quarter. Allworth Financial LP’s holdings in AGNC Investment were worth $1,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Choreo LLC grew its position in AGNC Investment by 5.0% in the third quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 985 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of AGNC Investment by 0.5% in the third quarter. Pathstone Holdings LLC now owns 218,805 shares of the real estate investment trust’s stock worth $2,165,000 after acquiring an additional 1,065 shares during the last quarter. Compass Financial Group INC SD boosted its stake in shares of AGNC Investment by 5.3% in the 3rd quarter. Compass Financial Group INC SD now owns 21,521 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,084 shares in the last quarter. KG&L Capital Management LLC boosted its stake in shares of AGNC Investment by 2.4% in the 3rd quarter. KG&L Capital Management LLC now owns 48,434 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Nwam LLC grew its holdings in shares of AGNC Investment by 4.5% during the 3rd quarter. Nwam LLC now owns 27,353 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 1,177 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JonesTrading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Barclays boosted their target price on shares of AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Piper Sandler upped their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada increased their price target on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AGNC Investment currently has an average rating of “Hold” and a consensus price target of $11.03.

Insider Buying and Selling

In other news, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president owned 491,728 shares in the company, valued at approximately $5,969,577.92. This represents a 4.84% 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 Gary D. Kain sold 700,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This trade represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 775,000 shares of company stock valued at $9,246,000 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

AGNC Investment Trading Down 5.2%

AGNC opened at $9.75 on Monday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. The company has a fifty day moving average of $11.23 and a 200-day moving average of $10.63. The stock has a market cap of $10.95 billion, a PE ratio of 6.96 and a beta of 1.37. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s payout ratio is presently 102.86%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.