Mercer Global Advisors Inc. ADV Trims Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Mercer Global Advisors Inc. ADV lowered its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 24.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,635 shares of the real estate investment trust’s stock after selling 13,006 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in AGNC Investment were worth $388,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AGNC. Nomura Asset Management Co. Ltd. lifted its position in AGNC Investment by 39.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,800 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 16,200 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in AGNC Investment by 9.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 286,578 shares of the real estate investment trust’s stock valued at $2,811,000 after purchasing an additional 25,700 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in AGNC Investment by 39.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 92,160 shares of the real estate investment trust’s stock valued at $904,000 after purchasing an additional 26,000 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in AGNC Investment by 182.6% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 261,340 shares of the real estate investment trust’s stock valued at $2,564,000 after purchasing an additional 168,858 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in AGNC Investment during the fourth quarter valued at approximately $2,182,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Trading Up 1.2 %

NASDAQ:AGNC opened at $10.53 on Friday. The company has a fifty day moving average of $10.20 and a 200 day moving average of $9.85. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $7.65 billion, a P/E ratio of 11.57 and a beta of 1.47.

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

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date is Monday, September 30th. AGNC Investment’s payout ratio is currently 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

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).