Citigroup Inc. Raises Holdings in AGNC Investment Corp. $AGNC

Citigroup Inc. boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 39.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,311,549 shares of the real estate investment trust’s stock after acquiring an additional 370,525 shares during the quarter. Citigroup Inc. owned 0.12% of AGNC Investment worth $12,840,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AGNC. Atlantic Union Bankshares Corp acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $29,000. WFA of San Diego LLC purchased a new stake in AGNC Investment during the second quarter worth $37,000. Huntington National Bank grew its position in AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,199 shares during the period. Wealth Preservation Advisors LLC purchased a new position in AGNC Investment in the second quarter valued at $46,000. Finally, Fourth Dimension Wealth LLC raised its position in shares of AGNC Investment by 78.6% in the third quarter. Fourth Dimension Wealth LLC now owns 5,000 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 2,200 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

AGNC opened at $11.21 on Friday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. The firm has a market capitalization of $12.43 billion, a PE ratio of 8.01 and a beta of 1.37. The company has a current ratio of 0.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $11.34 and its 200 day moving average price is $10.54.

AGNC Investment (NASDAQ:AGNC) last released its 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). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Friday, February 27th. AGNC Investment’s payout ratio is currently 102.86%.

Analyst Ratings Changes

A number of research firms recently weighed in on AGNC. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Barclays increased their price objective on shares of AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Wells Fargo & Company lifted their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.03.

Insider Activity

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president directly owned 552,297 shares in the company, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the sale, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This trade represents a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.42% of the stock is currently owned by insiders.

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.