Prudential Financial Inc. Cuts Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Prudential Financial Inc. lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 84.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,853 shares of the real estate investment trust's stock after selling 212,641 shares during the period. Prudential Financial Inc.'s holdings in AGNC Investment were worth $363,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AGNC. Financial Life Planners purchased a new stake in shares of AGNC Investment during the 4th quarter worth about $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the third quarter valued at approximately $32,000. Spire Wealth Management increased its holdings in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares during the period. Strategic Financial Concepts LLC lifted its stake in AGNC Investment by 775.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 515,148 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in AGNC Investment by 413.8% during the 4th quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 7,130 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

NASDAQ:AGNC traded up $0.09 during mid-day trading on Monday, reaching $8.44. The stock had a trading volume of 7,879,025 shares, compared to its average volume of 25,582,969. 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 firm has a 50 day moving average price of $9.92 and a two-hundred day moving average price of $9.79. The stock has a market capitalization of $7.73 billion, a P/E ratio of 8.71 and a beta of 1.32. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85.

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AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment's payout ratio is 148.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AGNC. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Argus upgraded shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Insider Buying and Selling at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares of the company's stock, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 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).