Transcend Capital Advisors LLC Trims Position in AGNC Investment Corp. (NASDAQ:AGNC)

Transcend Capital Advisors LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 576,706 shares of the real estate investment trust’s stock after selling 23,273 shares during the period. Transcend Capital Advisors LLC owned about 0.07% of AGNC Investment worth $5,311,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of AGNC Investment during the 4th quarter worth about $28,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment during the third quarter worth approximately $32,000. Blue Trust Inc. raised its stake in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the period. Spire Wealth Management boosted its holdings in shares of AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 515,148 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AGNC shares. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Insiders Place Their Bets

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

AGNC Investment Stock Up 0.6 %

AGNC stock opened at $10.54 on Friday. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The firm has a fifty day moving average price of $9.70 and a two-hundred day moving average price of $9.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 10.86 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last issued its 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%. Research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

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).