Keybank National Association OH Lowers Holdings in AGNC Investment Corp. $AGNC

Keybank National Association OH cut its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,972 shares of the real estate investment trust’s stock after selling 6,624 shares during the period. Keybank National Association OH’s holdings in AGNC Investment were worth $818,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AGNC. Brighton Jones LLC lifted its position in shares of AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,064 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of AGNC Investment by 0.5% in the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock worth $2,130,000 after buying an additional 1,186 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 1,237 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,256 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,261 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGNC has been the topic of several recent research reports. Piper Sandler upped their price objective on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. UBS Group upped their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada upped their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Jones Trading reaffirmed a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.18.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.05 on Tuesday. The company has a market cap of $10.47 billion, a P/E ratio of 15.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.50. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same period in the prior year, the firm posted $0.43 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 1,440.0%. AGNC Investment’s dividend payout ratio is currently 214.93%.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

About AGNC Investment

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).