Legacy Capital Wealth Partners LLC Sells 7,547 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Legacy Capital Wealth Partners LLC decreased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,298 shares of the real estate investment trust’s stock after selling 7,547 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in AGNC Investment were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC bought a new position in shares of AGNC Investment during the 4th quarter valued at $37,000. CENTRAL TRUST Co purchased a new stake in AGNC Investment during the fourth quarter valued at $46,000. Allworth Financial LP lifted its holdings in AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares during the period. Carmichael Hill & Associates Inc. boosted its position in AGNC Investment by 66.8% in the third quarter. Carmichael Hill & Associates Inc. now owns 6,066 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of AGNC Investment by 110.8% during the 4th quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 3,352 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGNC. Barclays upped their target price 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. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Compass Point initiated coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

AGNC Investment Stock Down 1.0 %

Shares of AGNC opened at $9.24 on Tuesday. The business’s 50 day moving average is $9.55 and its 200 day moving average is $9.27. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.64. The company has a market capitalization of $6.42 billion, a PE ratio of 10.15 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The firm had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the business posted $0.70 earnings per share. Research analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be paid a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s payout ratio is currently 158.24%.

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).