Clearbridge Investments LLC Sells 4,046,089 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Clearbridge Investments LLC cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 90.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,690 shares of the real estate investment trust's stock after selling 4,046,089 shares during the quarter. Clearbridge Investments LLC owned approximately 0.06% of AGNC Investment worth $3,956,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGNC. Vanguard Group Inc. lifted its position 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 buying an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of AGNC Investment by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust's stock valued at $76,783,000 after buying an additional 32,813 shares in the last quarter. Equity Investment Corp boosted its stake in shares of AGNC Investment by 3.7% in the second quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust's stock valued at $67,967,000 after buying an additional 253,821 shares during the period. Victory Capital Management Inc. grew its position in AGNC Investment by 1.0% during the second quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust's stock worth $50,722,000 after buying an additional 54,153 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in AGNC Investment by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust's stock worth $45,860,000 after acquiring an additional 290,720 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Trading Up 0.1 %

Shares of AGNC traded up $0.01 during mid-day trading on Friday, reaching $10.32. 15,415,453 shares of the company were exchanged, compared to its average volume of 13,001,249. The business has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $9.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $7.50 billion, a PE ratio of 11.34 and a beta of 1.47. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same quarter in the previous year, the firm earned $0.67 EPS. AGNC Investment's quarterly revenue was up 52.1% on a year-over-year basis. On average, analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 13.95%. AGNC Investment's dividend payout ratio is 158.24%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AGNC. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a report on Tuesday, July 16th. Maxim Group downgraded shares of AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods upped their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares of the company's stock, valued at $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.

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).