International Assets Investment Management LLC Purchases 102,631 Shares of AGNC Investment Corp. $AGNC

International Assets Investment Management LLC lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 688,941 shares of the real estate investment trust’s stock after purchasing an additional 102,631 shares during the period. International Assets Investment Management LLC owned about 0.06% of AGNC Investment worth $6,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AGNC. BlackRock Inc. purchased a new stake in AGNC Investment during the 2nd quarter worth $704,076,000. Equity Investment Corp purchased a new position in AGNC Investment in the 2nd quarter valued at about $106,123,000. Bank of America Corp DE acquired a new stake in shares of AGNC Investment during the second quarter valued at about $77,501,000. Bank of New York Mellon Corp acquired a new stake in shares of AGNC Investment during the second quarter valued at about $40,182,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of AGNC Investment during the second quarter valued at about $35,421,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings lowered AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. Royal Bank Of Canada lowered their price objective on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Finally, Barclays cut their target price on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.12.

AGNC Investment Price Performance

NASDAQ AGNC opened at $8.78 on Friday. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 878.88 and a beta of 1.40. AGNC Investment Corp. has a 12 month low of $8.38 and a 12 month high of $12.19. The company’s fifty day moving average price is $9.37 and its two-hundred day moving average price is $10.43.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. As a group, analysts anticipate that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is 14,400.00%.

Insider Buying and Selling

In related news, CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $8.87, for a total value of $601,332.78. Following the completion of the sale, the chief executive officer directly owned 1,846,083 shares of the company’s stock, valued at $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.40% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises.

The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.

Founded in 2008, AGNC is based in Bethesda, Maryland, and its investment activities are centered on the U.S.