Victory Capital Management Inc. Sells 1,021,338 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Victory Capital Management Inc. cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 19.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,295,386 shares of the real estate investment trust's stock after selling 1,021,338 shares during the period. Victory Capital Management Inc. owned about 0.55% of AGNC Investment worth $44,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of AGNC Investment by 26.3% in the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust's stock valued at $620,000 after buying an additional 13,041 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of AGNC Investment by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 1,059 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of AGNC Investment during the first quarter valued at approximately $149,000. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust's stock valued at $650,781,000 after purchasing an additional 2,368,658 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in AGNC Investment by 8.1% in the 1st quarter. Osaic Holdings Inc. now owns 1,173,849 shares of the real estate investment trust's stock worth $11,622,000 after purchasing an additional 87,938 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Trading Up 0.7 %

AGNC stock traded up $0.07 during midday trading on Friday, hitting $9.58. 16,035,925 shares of the company's stock were exchanged, compared to its average volume of 14,090,275. AGNC Investment Corp. has a one year low of $8.57 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47. The stock's fifty day moving average price is $10.09 and its 200-day moving average price is $9.96.

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

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment's dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AGNC. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Compass Point raised their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Maxim Group cut shares of AGNC Investment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Company 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).