Xponance Inc. Has $254,000 Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Xponance Inc. trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,627 shares of the real estate investment trust’s stock after selling 1,396 shares during the period. Xponance Inc.’s holdings in AGNC Investment were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in AGNC Investment during the fourth quarter worth $717,000. Norden Group LLC grew its position in shares of AGNC Investment by 985.9% in the first quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock valued at $1,837,000 after purchasing an additional 168,473 shares during the last quarter. Fermata Advisors LLC grew its position in shares of AGNC Investment by 53.0% in the first quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 8,039 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of AGNC Investment by 339.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 102,933 shares during the last quarter. Finally, Vanguard Group Inc. grew 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 purchasing an additional 2,368,658 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGNC has been the topic of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Janney Montgomery Scott assumed coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price on the stock. Compass Point lifted their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.33.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’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 completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

AGNC Investment Stock Down 1.8 %

Shares of AGNC opened at $10.27 on Wednesday. The company has a market capitalization of $7.47 billion, a P/E ratio of 11.29 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.85. The business’s 50 day simple moving average is $10.21 and its 200-day simple moving average is $9.86.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data 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 return on equity of 26.21% and a net margin of 16.15%. The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. As a group, sell-side analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 14.02%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s dividend payout ratio is 158.24%.

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).