AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 12.7% in the third quarter, HoldingsChannel.com reports. The firm owned 660,735 shares of the real estate investment trust’s stock after selling 96,459 shares during the period. Stifel Financial Corp’s holdings in AGNC Investment were worth $6,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of AGNC Investment by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after acquiring an additional 162,152 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares during the period. US Bancorp DE boosted its holdings in shares of AGNC Investment by 279.0% during the third quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust’s stock valued at $2,505,000 after acquiring an additional 176,301 shares during the period. Equity Investment Corp boosted its holdings in shares of AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after acquiring an additional 149,775 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of AGNC Investment by 945.2% during the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock valued at $102,489,000 after acquiring an additional 969,475 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.58 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $9.79 and its two-hundred day moving average price is $9.96. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85. The stock has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AGNC. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

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).