AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,124 shares of the real estate investment trust’s stock after selling 8,810 shares during the quarter. Kovack Advisors Inc.’s holdings in AGNC Investment were worth $2,037,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in AGNC Investment during the 4th quarter worth about $28,000. Point72 Asset Management L.P. bought a new position in AGNC Investment during the 3rd quarter worth $32,000. Blue Trust Inc. grew its stake in AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares during the last quarter. Spire Wealth Management boosted its position in AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares during the period. Finally, Strategic Financial Concepts LLC boosted its position in AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 515,148 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

AGNC stock opened at $10.51 on Thursday. The company has a market cap of $9.30 billion, a P/E ratio of 10.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The firm has a 50-day moving average of $9.78 and a 200 day moving average of $9.92.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment’s payout ratio is currently 148.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGNC. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Four investment 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 currently has an average rating of “Moderate Buy” and an average price target of $10.50.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

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).