HBK Sorce Advisory LLC Sells 12,420 Shares of AGNC Investment Corp. $AGNC

HBK Sorce Advisory LLC trimmed its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,672 shares of the real estate investment trust’s stock after selling 12,420 shares during the period. HBK Sorce Advisory LLC’s holdings in AGNC Investment were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AGNC. Red Tortoise LLC lifted its position in shares of AGNC Investment by 377.4% during the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 2,185 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment during the 1st quarter worth about $28,000. Larson Financial Group LLC lifted its position in shares of AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,519 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of AGNC Investment during the 1st quarter worth about $34,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of AGNC Investment during the 1st quarter worth about $35,000. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AGNC. UBS Group boosted their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Jones Trading reissued a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a research report on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.18.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.00 on Friday. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63. The firm has a market capitalization of $10.42 billion, a PE ratio of 14.93 and a beta of 1.32. The business’s 50 day moving average is $10.01 and its 200-day moving average is $9.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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). AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $466.39 million. During the same period in the previous year, the business 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 Dividend Announcement

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

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).