AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 19.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,295,386 shares of the real estate investment trust’s stock after selling 1,021,338 shares during the quarter. Victory Capital Management Inc. owned about 0.55% of AGNC Investment worth $44,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AGNC. US Bancorp DE raised its position in shares of AGNC Investment by 26.3% during the 1st quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 13,041 shares during the period. Avantax Advisory Services Inc. grew its holdings in AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,059 shares in the last quarter. Intech Investment Management LLC bought a new position in AGNC Investment in the 1st quarter worth approximately $149,000. Vanguard Group Inc. grew its holdings in AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after buying an additional 2,368,658 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in AGNC Investment by 8.1% in the 1st quarter. Osaic Holdings Inc. now owns 1,173,849 shares of the real estate investment trust’s stock worth $11,622,000 after buying an additional 87,938 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AGNC shares. Royal Bank of Canada increased their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Compass Point increased their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Performance

AGNC opened at $9.58 on Friday. The firm has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47. 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 business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.95. AGNC Investment Corp. has a fifty-two week low of $8.57 and a fifty-two week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s payout ratio is currently 100.00%.

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).