Artemis Investment Management LLP Sells 1,963,118 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Artemis Investment Management LLP reduced its position in AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 77.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 575,771 shares of the real estate investment trust’s stock after selling 1,963,118 shares during the quarter. Artemis Investment Management LLP owned approximately 0.11% of AGNC Investment worth $8,652,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. NFJ Investment Group LLC boosted its stake in shares of AGNC Investment by 1.9% in the 3rd quarter. NFJ Investment Group LLC now owns 878,518 shares of the real estate investment trust’s stock valued at $13,854,000 after purchasing an additional 16,644 shares during the last quarter. qPULA Trading Management LP boosted its stake in shares of AGNC Investment by 7.3% in the 3rd quarter. qPULA Trading Management LP now owns 22,925 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 1,566 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of AGNC Investment by 214.4% in the 3rd quarter. Voya Investment Management LLC now owns 269,528 shares of the real estate investment trust’s stock valued at $4,251,000 after purchasing an additional 183,795 shares during the last quarter. Strs Ohio boosted its stake in shares of AGNC Investment by 3.1% in the 4th quarter. Strs Ohio now owns 118,902 shares of the real estate investment trust’s stock valued at $1,788,000 after purchasing an additional 3,522 shares during the last quarter. Finally, AGF Investments LLC boosted its stake in shares of AGNC Investment by 34.3% in the 4th quarter. AGF Investments LLC now owns 50,974 shares of the real estate investment trust’s stock valued at $767,000 after purchasing an additional 13,010 shares during the last quarter. 48.34% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. TheStreet downgraded shares of AGNC Investment from a “c” rating to a “d+” rating in a research report on Monday, January 31st. Piper Sandler dropped their target price on shares of AGNC Investment from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of AGNC Investment from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.50 to $11.50 in a research report on Monday, April 25th. Bank of America downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $13.75 in a research report on Monday, February 14th. Finally, Barclays dropped their target price on shares of AGNC Investment from $15.00 to $13.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.39.

AGNC opened at $10.98 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $14.44. AGNC Investment Corp. has a 1-year low of $10.95 and a 1-year high of $18.84. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 9.23 and a beta of 1.01.

AGNC Investment (NASDAQ:AGNCGet Rating) last announced its earnings results on Monday, January 31st. The real estate investment trust reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. AGNC Investment had a net margin of 58.24% and a return on equity of 17.52%. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.2 earnings per share for the current fiscal year.

The company also recently announced a apr 22 dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Friday, April 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a dividend yield of 11.5%. AGNC Investment’s dividend payout ratio is currently 121.01%.

In other news, Director Gary D. Kain sold 400,000 shares of the stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $14.10, for a total value of $5,640,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

AGNC Investment Profile (Get Rating)

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).

See Also

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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