Pictet Asset Management SA Sells 178,069 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Pictet Asset Management SA trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 85.5% in the second quarter, HoldingsChannel reports. The firm owned 30,267 shares of the real estate investment trust’s stock after selling 178,069 shares during the quarter. Pictet Asset Management SA’s holdings in AGNC Investment were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGNC. Equity Investment Corp boosted its position in AGNC Investment by 36.7% during the first quarter. Equity Investment Corp now owns 4,014,444 shares of the real estate investment trust’s stock worth $52,589,000 after purchasing an additional 1,076,783 shares during the period. Northern Trust Corp boosted its position in shares of AGNC Investment by 24.1% in the first quarter. Northern Trust Corp now owns 4,705,963 shares of the real estate investment trust’s stock valued at $61,648,000 after acquiring an additional 914,711 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of AGNC Investment by 944.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 878,850 shares of the real estate investment trust’s stock valued at $11,513,000 after acquiring an additional 794,720 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of AGNC Investment by 15.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,583,707 shares of the real estate investment trust’s stock valued at $50,741,000 after acquiring an additional 610,400 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of AGNC Investment by 15.9% in the first quarter. Bank of New York Mellon Corp now owns 3,543,116 shares of the real estate investment trust’s stock valued at $46,415,000 after acquiring an additional 485,617 shares during the period. 43.36% of the stock is owned by institutional investors.

AGNC Investment Stock Up 3.7 %

Shares of NASDAQ AGNC opened at $9.85 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.63 billion, a price-to-earnings ratio of -2.76 and a beta of 1.15. AGNC Investment Corp. has a 12 month low of $7.30 and a 12 month high of $16.14. The stock has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $10.85.

AGNC Investment (NASDAQ:AGNCGet Rating) last issued its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.84 EPS for the quarter, topping the consensus estimate of $0.69 by $0.15. The firm had revenue of $177.00 million during the quarter, compared to the consensus estimate of $363.05 million. AGNC Investment had a positive return on equity of 23.64% and a negative net margin of 128.56%. The business’s quarterly revenue was down 36.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, analysts forecast that AGNC Investment Corp. will post 3.04 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a nov 22 dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.12 per share. This represents a yield of 15.4%. The ex-dividend date of this dividend is Tuesday, November 29th. AGNC Investment’s payout ratio is -40.34%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their target price on shares of AGNC Investment from $13.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, September 30th. StockNews.com started coverage on shares of AGNC Investment in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group dropped their price target on AGNC Investment to $8.50 in a research note on Friday, November 4th. BTIG Research dropped their price target on AGNC Investment from $9.50 to $9.00 in a research note on Wednesday, October 26th. Finally, Maxim Group dropped their price target on AGNC Investment from $13.00 to $9.00 in a research note on Tuesday, October 11th. Three analysts have rated the stock with a hold rating and four have issued 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 $10.10.

AGNC Investment Company Profile

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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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