Sheaff Brock Investment Advisors LLC Reduces Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Sheaff Brock Investment Advisors LLC cut its position in AGNC Investment Corp. (NASDAQ:AGNC) by 73.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,173 shares of the real estate investment trust’s stock after selling 71,681 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in AGNC Investment were worth $241,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of AGNC Investment by 5,488.0% in the 4th quarter. Allworth Financial LP now owns 317,736 shares of the real estate investment trust’s stock valued at $3,085,000 after purchasing an additional 312,050 shares during the period. Principal Securities Inc. lifted its position in AGNC Investment by 7.5% during the 4th quarter. Principal Securities Inc. now owns 57,859 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 4,015 shares during the period. Rhumbline Advisers lifted its position in AGNC Investment by 4.8% during the 4th quarter. Rhumbline Advisers now owns 729,565 shares of the real estate investment trust’s stock worth $6,719,000 after acquiring an additional 33,700 shares during the period. Blue Trust Inc. lifted its position in AGNC Investment by 304.6% during the 4th quarter. Blue Trust Inc. now owns 15,800 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 11,895 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after acquiring an additional 424,990 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Argus raised AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced 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, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.43 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a fifty day moving average of $9.65 and a two-hundred day moving average of $9.89. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 10.75 and a beta of 1.48. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment’s payout ratio is 148.46%.

AGNC Investment Company 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).