AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 34.8% in the 4th quarter, HoldingsChannel reports. The firm owned 120,685 shares of the real estate investment trust’s stock after selling 64,482 shares during the quarter. TrueMark Investments LLC’s holdings in AGNC Investment were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jackson Thornton Wealth Management LLC purchased a new stake in AGNC Investment during the fourth quarter valued at about $113,000. Vanguard Group Inc. boosted its stake in AGNC Investment by 14.1% in the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock worth $767,348,000 after purchasing an additional 10,316,999 shares during the period. LPL Financial LLC grew its position in AGNC Investment by 11.9% during the 4th quarter. LPL Financial LLC now owns 1,238,895 shares of the real estate investment trust’s stock worth $11,410,000 after purchasing an additional 131,954 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in AGNC Investment by 6.1% during the 4th quarter. Samalin Investment Counsel LLC now owns 61,600 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 3,551 shares during the period. Finally, Simplify Asset Management Inc. lifted its holdings in shares of AGNC Investment by 8.8% in the fourth quarter. Simplify Asset Management Inc. now owns 143,550 shares of the real estate investment trust’s stock valued at $1,322,000 after purchasing an additional 11,550 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.93 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company’s fifty day moving average is $10.13 and its 200-day moving average is $9.92. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 10.24 and a beta of 1.50.

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 for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment’s dividend payout ratio is currently 148.45%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

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).