Avantax Planning Partners Inc. Sells 3,138 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Avantax Planning Partners Inc. reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 17.2% during the 4th quarter, HoldingsChannel reports. The firm owned 15,131 shares of the real estate investment trust’s stock after selling 3,138 shares during the quarter. Avantax Planning Partners Inc.’s holdings in AGNC Investment were worth $139,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AGNC. Financial Life Planners bought a new stake in shares of AGNC Investment in the 4th quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter valued at approximately $32,000. Spire Wealth Management grew its stake 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 period. Strategic Financial Concepts LLC grew its stake in shares of AGNC Investment by 775.6% in 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 purchasing an additional 515,148 shares during the period. Finally, Huntington National Bank grew its stake in shares of AGNC Investment by 105.7% in the 3rd quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,445 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AGNC shares. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Trading Up 0.7 %

Shares of AGNC stock opened at $10.09 on Thursday. The firm has a 50 day moving average price of $9.94 and a two-hundred day moving average price of $9.93. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.24 billion, a PE ratio of 10.40 and a beta of 1.50. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued 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 return on equity of 21.92% and a net margin of 29.26%. As a group, analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a feb 25 dividend, which was paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio is presently 148.45%.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The shares were 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. Insiders own 0.52% of the company’s stock.

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).