Perigon Wealth Management LLC Cuts Position in AGNC Investment Corp. (NASDAQ:AGNC)

Perigon Wealth Management LLC lowered its stake in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 12.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 44,270 shares of the real estate investment trust’s stock after selling 6,485 shares during the quarter. Perigon Wealth Management LLC’s holdings in AGNC Investment were worth $373,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 1.1% in the third quarter. Vanguard Group Inc. now owns 48,875,957 shares of the real estate investment trust’s stock valued at $411,535,000 after buying an additional 536,286 shares in the last quarter. Macquarie Group Ltd. grew its stake in AGNC Investment by 5.6% during the 3rd quarter. Macquarie Group Ltd. now owns 7,284,822 shares of the real estate investment trust’s stock valued at $61,382,000 after purchasing an additional 388,754 shares in the last quarter. Northern Trust Corp grew its stake in AGNC Investment by 28.6% during the 2nd quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust’s stock valued at $67,004,000 after purchasing an additional 1,346,753 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 16.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,334,100 shares of the real estate investment trust’s stock valued at $44,912,000 after purchasing an additional 750,393 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in AGNC Investment by 2,054.1% during the 3rd quarter. Ensign Peak Advisors Inc now owns 3,306,055 shares of the real estate investment trust’s stock valued at $27,837,000 after purchasing an additional 3,152,575 shares in the last quarter. Institutional investors and hedge funds own 40.87% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $9.74 on Friday. AGNC Investment Corp. has a 12-month low of $7.30 and a 12-month high of $13.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $10.20.

AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. The business had revenue of $25.00 million for the quarter, compared to the consensus estimate of $415.17 million. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. The business’s revenue was down 89.9% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Research analysts expect that AGNC Investment Corp. will post 2.21 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a mar 23 dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, March 31st will be issued a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date is Thursday, March 30th. AGNC Investment’s dividend payout ratio (DPR) is -56.69%.

Analyst Ratings Changes

A number of brokerages have weighed in on AGNC. Argus lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Barclays raised their price objective on AGNC Investment from $9.00 to $12.00 in a research note on Friday, January 6th. StockNews.com assumed coverage on AGNC Investment in a research note on Thursday. They set a “hold” rating for the company. Credit Suisse Group lifted their target price on AGNC Investment to $9.50 in a research report on Friday, December 2nd. Finally, Maxim Group lifted their target price on AGNC Investment from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.86.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Kenneth L. Pollack sold 10,910 shares of AGNC Investment stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $11.34, for a total transaction of $123,719.40. Following the sale, the executive vice president now owns 228,634 shares of the company’s stock, valued at approximately $2,592,709.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

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).