Renaissance Technologies LLC Sells 366,191 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Renaissance Technologies LLC trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC) by 72.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,411 shares of the real estate investment trust’s stock after selling 366,191 shares during the quarter. Renaissance Technologies LLC’s holdings in AGNC Investment were worth $1,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Collaborative Wealth Managment Inc. boosted its position in shares of AGNC Investment by 41.4% during the 2nd quarter. Collaborative Wealth Managment Inc. now owns 18,090 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 5,300 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in AGNC Investment by 106.0% in the second quarter. J.W. Cole Advisors Inc. now owns 50,660 shares of the real estate investment trust’s stock worth $483,000 after purchasing an additional 26,070 shares during the period. Envestnet Asset Management Inc. increased its stake in AGNC Investment by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,406,042 shares of the real estate investment trust’s stock worth $13,414,000 after purchasing an additional 31,345 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of AGNC Investment by 7.1% during the second quarter. HBK Sorce Advisory LLC now owns 121,716 shares of the real estate investment trust’s stock valued at $1,161,000 after purchasing an additional 8,107 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of AGNC Investment by 32.2% in the second quarter. Federated Hermes Inc. now owns 242,129 shares of the real estate investment trust’s stock worth $2,310,000 after purchasing an additional 59,042 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Up 0.1 %

AGNC opened at $10.32 on Friday. The company has a fifty day moving average of $10.23 and a two-hundred day 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. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.85. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 11.34 and a beta of 1.47.

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

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date is Monday, September 30th. AGNC Investment’s dividend payout ratio is presently 158.24%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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).