Thompson Siegel & Walmsley LLC Trims Holdings in AGNC Investment Corp. $AGNC

Thompson Siegel & Walmsley LLC lowered its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 65.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 590,524 shares of the real estate investment trust’s stock after selling 1,136,407 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in AGNC Investment were worth $6,330,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of AGNC Investment by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after buying an additional 325,104 shares during the period. Citigroup Inc. grew its stake in AGNC Investment by 39.4% in the third quarter. Citigroup Inc. now owns 1,311,549 shares of the real estate investment trust’s stock valued at $12,840,000 after purchasing an additional 370,525 shares during the last quarter. Handelsbanken Fonder AB grew its stake in AGNC Investment by 68.2% in the third quarter. Handelsbanken Fonder AB now owns 370,100 shares of the real estate investment trust’s stock valued at $3,623,000 after purchasing an additional 150,000 shares during the last quarter. Trivium Point Advisory LLC grew its stake in AGNC Investment by 19.4% in the third quarter. Trivium Point Advisory LLC now owns 1,139,528 shares of the real estate investment trust’s stock valued at $11,156,000 after purchasing an additional 184,929 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.23 on Tuesday. The stock has a market capitalization of $11.74 billion, a PE ratio of 8.45 and a beta of 1.32. AGNC Investment Corp. has a 12 month low of $8.80 and a 12 month high of $12.19. The business has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $10.77.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The firm had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.1%. AGNC Investment’s payout ratio is 119.01%.

Insiders Place Their Bets

In other news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,234 shares of company stock worth $2,364,022 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AGNC shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. UBS Group raised their price target on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Piper Sandler lowered their price target on AGNC Investment from $12.50 to $10.50 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and a consensus target price of $11.06.

About AGNC Investment

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.