Massachusetts Financial Services Co. MA trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 76.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,779 shares of the real estate investment trust’s stock after selling 369,710 shares during the period. Massachusetts Financial Services Co. MA’s holdings in AGNC Investment were worth $2,176,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of AGNC. DnB Asset Management AS bought a new position in AGNC Investment during the second quarter valued at approximately $933,000. IFM Investors Pty Ltd raised its position in AGNC Investment by 38.9% during the second quarter. IFM Investors Pty Ltd now owns 15,808 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 4,425 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in AGNC Investment by 10.8% during the second quarter. Xact Kapitalforvaltning AB now owns 147,462 shares of the real estate investment trust’s stock valued at $2,741,000 after acquiring an additional 14,421 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in AGNC Investment during the second quarter valued at approximately $12,304,000. Finally, BLB&B Advisors LLC bought a new position in AGNC Investment during the second quarter valued at approximately $278,000. Institutional investors and hedge funds own 58.95% of the company’s stock.
In other news, Director Larry K. Harvey purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were bought at an average price of $17.74 per share, with a total value of $70,960.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $129,958.64. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
NASDAQ:AGNC opened at $17.87 on Friday. AGNC Investment Corp. has a 12 month low of $17.51 and a 12 month high of $20.84. The company has a market capitalization of $8.50 billion, a PE ratio of 7.26, a PEG ratio of 2.43 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.29 and a current ratio of 0.28.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $324.65 million. During the same quarter last year, the firm posted $0.62 earnings per share. Analysts predict that AGNC Investment Corp. will post 2.44 earnings per share for the current fiscal year.
The company also recently declared a oct 18 dividend, which will be paid on Friday, November 9th. Stockholders of record on Wednesday, October 31st will be given a $0.18 dividend. This represents a dividend yield of 12.16%. The ex-dividend date is Tuesday, October 30th. AGNC Investment’s dividend payout ratio is 87.80%.
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).
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