Allspring Global Investments Holdings LLC Cuts Stake in AGNC Investment Corp. $AGNC

Allspring Global Investments Holdings LLC cut its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 45.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,816,548 shares of the real estate investment trust’s stock after selling 3,126,989 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.36% of AGNC Investment worth $41,715,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of AGNC Investment in the 3rd quarter worth $29,000. National Bank of Canada FI boosted its holdings in AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares during the last quarter. WealthCollab LLC purchased a new stake in AGNC Investment during the third quarter valued at about $33,000. Finally, Financial Life Planners purchased a new stake in AGNC Investment during the third quarter valued at about $34,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AGNC shares. Royal Bank Of Canada raised their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. BTIG Research lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Finally, JonesTrading downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.91.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.15 on Friday. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $12.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 7.25 and a beta of 1.38. The firm’s fifty day moving average price is $10.92 and its 200 day moving average price is $10.60.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data 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 net margin of 47.40% and a return on equity of 18.32%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 25,000 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction on 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 completion of the sale, the director owned 2,189,091 shares of the company’s stock, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 775,000 shares of company stock worth $9,246,000 in the last 90 days. 0.40% of the stock is owned by corporate 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.