Sonora Investment Management Group LLC Lowers Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Sonora Investment Management Group LLC reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,054 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Sonora Investment Management Group LLC’s holdings in AGNC Investment were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after buying an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock worth $86,169,000 after buying an additional 189,444 shares during the last quarter. Equity Investment Corp increased its holdings in shares of AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after buying an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock worth $70,796,000 after buying an additional 162,152 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGNC. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods reduced their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a report on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.97 on Friday. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 10.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The firm has a 50-day moving average of $9.53 and a two-hundred day moving average of $9.89.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, research analysts forecast that AGNC Investment Corp. will post 1.63 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is 148.46%.

About AGNC Investment

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).