AGNC Investment Corp. (NASDAQ:AGNC) Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,788 shares of the real estate investment trust’s stock after selling 4,526 shares during the period. Principal Financial Group Inc.’s holdings in AGNC Investment were worth $500,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in AGNC Investment in the third quarter worth approximately $25,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment in the third quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment in the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Up 1.7 %

Shares of AGNC stock opened at $9.44 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.36 billion, a P/E ratio of 6.56 and a beta of 1.47. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $9.93. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the business posted $0.65 EPS. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current 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 is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

AGNC has been the subject of a number of research reports. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

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).