GW&K Investment Management LLC Sells 8,423 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

GW&K Investment Management LLC cut its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,234,317 shares of the real estate investment trust’s stock after selling 8,423 shares during the quarter. GW&K Investment Management LLC owned approximately 0.24% of AGNC Investment worth $18,564,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TAP Consulting LLC bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $28,000. National Bank of Canada FI bought a new position in AGNC Investment in the 4th quarter worth approximately $31,000. Lazard Asset Management LLC bought a new position in AGNC Investment in the 4th quarter worth approximately $31,000. Ellevest Inc. bought a new position in AGNC Investment in the 4th quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd bought a new position in AGNC Investment in the 3rd quarter worth approximately $73,000. Institutional investors own 47.52% of the company’s stock.

NASDAQ:AGNC traded up $0.04 during midday trading on Friday, hitting $11.76. 14,549,242 shares of the company traded hands, compared to its average volume of 17,096,030. The firm’s fifty day moving average is $12.40 and its 200-day moving average is $14.00. AGNC Investment Corp. has a 12-month low of $10.86 and a 12-month high of $18.84. The firm has a market capitalization of $6.15 billion, a P/E ratio of -6.29 and a beta of 1.05. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

AGNC Investment (NASDAQ:AGNCGet Rating) last released its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.08. AGNC Investment had a positive return on equity of 18.40% and a negative net margin of 72.72%. During the same quarter last year, the firm posted $0.76 EPS. On average, research analysts expect that AGNC Investment Corp. will post 2.34 EPS for the current fiscal year.

The business also recently declared a may 22 dividend, which will be paid on Thursday, June 9th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, May 27th. This represents a yield of 11.7%. AGNC Investment’s payout ratio is presently -77.01%.

Several research analysts have weighed in on the company. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a research note on Monday, January 31st. Piper Sandler upgraded AGNC Investment from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $13.50 to $13.00 in a research note on Thursday, May 5th. Bank of America downgraded AGNC Investment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $13.75 in a research note on Monday, February 14th. StockNews.com assumed coverage on AGNC Investment in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Maxim Group decreased their price objective on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, AGNC Investment presently has an average rating of “Hold” and a consensus target price of $14.27.

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).

Further Reading

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

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