Squarepoint Ops LLC trimmed its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 77.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,246 shares of the real estate investment trust’s stock after selling 185,448 shares during the quarter. Squarepoint Ops LLC’s holdings in AGNC Investment were worth $831,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in AGNC. TCW Group Inc. lifted its holdings in shares of AGNC Investment by 711.2% during the fourth quarter. TCW Group Inc. now owns 909,641 shares of the real estate investment trust’s stock valued at $14,190,000 after purchasing an additional 797,500 shares in the last quarter. BLB&B Advisors LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at $185,000. Van ECK Associates Corp lifted its holdings in shares of AGNC Investment by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 1,543,542 shares of the real estate investment trust’s stock valued at $24,079,000 after purchasing an additional 23,674 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in AGNC Investment by 30.7% in the fourth quarter. IFM Investors Pty Ltd now owns 57,973 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 13,606 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in AGNC Investment by 2.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 105,678 shares of the real estate investment trust’s stock valued at $1,649,000 after acquiring an additional 2,551 shares during the period. 55.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:AGNC opened at $17.11 on Thursday. AGNC Investment Corp. has a 1 year low of $10.80 and a 1 year high of $17.12. The business has a 50 day simple moving average of $16.49 and a two-hundred day simple moving average of $15.43. The firm has a market capitalization of $9.09 billion, a PE ratio of -33.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.18 and a quick ratio of 0.18.
The company also recently declared a mar 21 dividend, which will be paid on Monday, April 12th. Investors of record on Wednesday, March 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 30th. This represents a dividend yield of 8.7%. AGNC Investment’s payout ratio is 66.67%.
A number of research analysts have weighed in on the company. JMP Securities increased their target price on AGNC Investment from $15.50 to $16.50 and gave the company a “market outperform” rating in a report on Friday, January 22nd. Zacks Investment Research cut AGNC Investment from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Friday, January 29th. Jefferies Financial Group started coverage on AGNC Investment in a research report on Monday, December 14th. They set a “hold” rating and a $16.00 target price for the company. Finally, TheStreet raised shares of AGNC Investment from a “d” rating to a “c-” rating in a report on Thursday, March 18th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.34.
In related news, SVP Aaron Pas sold 5,138 shares of the business’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $16.55, for a total value of $85,033.90. Following the completion of the sale, the senior vice president now owns 143,608 shares in the company, valued at $2,376,712.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.
AGNC Investment Profile
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).
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