AGNC Investment Corp. $AGNC Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 82.7% in the third quarter, Holdings Channel reports. The firm owned 53,121 shares of the real estate investment trust’s stock after selling 253,853 shares during the period. Icon Advisers Inc. Co.’s holdings in AGNC Investment were worth $520,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AGNC. AQR Capital Management LLC raised its position in AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 21,897 shares during the period. NewEdge Advisors LLC boosted its position in shares of AGNC Investment by 38.4% in the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 6,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after buying an additional 387,524 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of AGNC Investment by 9.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,716,432 shares of the real estate investment trust’s stock worth $15,774,000 after buying an additional 150,761 shares during the period. Finally, Atria Investments Inc boosted its position in shares of AGNC Investment by 15.8% in the second quarter. Atria Investments Inc now owns 22,737 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,109 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. BTIG Research lowered AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Piper Sandler increased their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average price target of $11.03.

AGNC Investment Stock Down 2.4%

Shares of AGNC Investment stock opened at $10.64 on Friday. The business has a 50-day moving average of $11.35 and a 200-day moving average of $10.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $11.80 billion, a PE ratio of 7.60 and a beta of 1.37. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 13.5%. AGNC Investment’s payout ratio is currently 102.86%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at $5,969,577.92. This represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary D. Kain sold 700,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director owned 2,189,091 shares of the company’s stock, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 775,000 shares of company stock valued at $9,246,000 in the last three months. Corporate insiders own 0.42% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.