Stifel Financial Corp Sells 96,459 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Stifel Financial Corp reduced its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 660,735 shares of the real estate investment trust's stock after selling 96,459 shares during the period. Stifel Financial Corp owned approximately 0.07% of AGNC Investment worth $6,911,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CIBC Asset Management Inc lifted its position in shares of AGNC Investment by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock worth $188,000 after acquiring an additional 1,012 shares during the period. Paragon Capital Management Ltd lifted its position in AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock worth $321,000 after buying an additional 1,071 shares in the last quarter. Garden State Investment Advisory Services LLC grew its holdings in AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust's stock worth $135,000 after acquiring an additional 1,176 shares during the last quarter. Oak Thistle LLC increased its position in AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock valued at $256,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 1,255 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGNC shares. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Finally, Royal Bank of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.44.

AGNC Investment Stock Performance

AGNC Investment stock traded up $0.04 during midday trading on Friday, reaching $9.58. 12,399,522 shares of the company's stock were exchanged, compared to its average volume of 14,085,776. 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 stock's 50-day simple moving average is $9.79 and its 200 day simple moving average is $9.96. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 6.65 and a beta of 1.47. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85.

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 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.65 earnings per share. On average, analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment's dividend payout ratio (DPR) is presently 100.00%.

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).