Raymond James Financial Services Advisors Inc. Has $1.27 Million Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Raymond James Financial Services Advisors Inc. cut its position in AGNC Investment Corp. (NASDAQ:AGNC) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,761 shares of the real estate investment trust’s stock after selling 26,850 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in AGNC Investment were worth $1,273,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of AGNC Investment by 68.9% in the first quarter. US Bancorp DE now owns 29,371 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 11,982 shares during the period. MetLife Investment Management LLC bought a new position in AGNC Investment in the 1st quarter worth approximately $137,000. Yousif Capital Management LLC lifted its holdings in shares of AGNC Investment by 5.2% during the first quarter. Yousif Capital Management LLC now owns 36,096 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 1,775 shares during the last quarter. Sei Investments Co. boosted its position in shares of AGNC Investment by 2.3% in the first quarter. Sei Investments Co. now owns 517,988 shares of the real estate investment trust’s stock valued at $6,757,000 after acquiring an additional 11,711 shares during the period. Finally, Prudential PLC acquired a new stake in shares of AGNC Investment in the first quarter worth $172,000. Institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares in the company, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.31 on Friday. The business has a 50 day simple moving average of $9.59 and a 200 day simple moving average of $9.26. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.64. The company has a market capitalization of $6.47 billion, a PE ratio of 931.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The company had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $570.42 million. During the same period last year, the business earned $0.74 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.16 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio is 14,414.41%.

Analyst Ratings Changes

Several equities analysts recently commented on AGNC shares. Jonestrading assumed coverage on shares of AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 target price for the company. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Royal Bank of Canada reduced their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Finally, Barclays boosted their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $9.93.

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).