Janney Montgomery Scott LLC Sells 6,351 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Janney Montgomery Scott LLC decreased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 19.7% during the third quarter, HoldingsChannel reports. The firm owned 25,888 shares of the real estate investment trust’s stock after selling 6,351 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AGNC Investment were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AGNC. Amundi Pioneer Asset Management Inc. increased its stake in AGNC Investment by 43.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 738,228 shares of the real estate investment trust’s stock valued at $13,289,000 after purchasing an additional 222,443 shares in the last quarter. WINTON GROUP Ltd increased its stake in AGNC Investment by 12.7% during the 2nd quarter. WINTON GROUP Ltd now owns 83,801 shares of the real estate investment trust’s stock valued at $1,410,000 after purchasing an additional 9,463 shares in the last quarter. Scout Investments Inc. increased its stake in AGNC Investment by 57.5% during the 2nd quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock valued at $152,513,000 after purchasing an additional 3,310,432 shares in the last quarter. Smith Salley & Associates increased its stake in AGNC Investment by 18.6% during the 2nd quarter. Smith Salley & Associates now owns 148,234 shares of the real estate investment trust’s stock valued at $2,493,000 after purchasing an additional 23,285 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in AGNC Investment by 509.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,400 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 5,350 shares in the last quarter. Institutional investors and hedge funds own 64.84% of the company’s stock.

A number of research analysts have issued reports on AGNC shares. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research note on Friday, November 1st. Bank of America started coverage on shares of AGNC Investment in a research note on Monday. They set a “neutral” rating on the stock. Royal Bank of Canada started coverage on shares of AGNC Investment in a research note on Wednesday, October 2nd. They set a “sector perform” rating and a $16.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.57.

AGNC stock opened at $17.26 on Friday. The firm’s fifty day simple moving average is $16.50 and its 200-day simple moving average is $16.66. The company has a market capitalization of $9.36 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 2.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.08 and a quick ratio of 0.08. AGNC Investment Corp. has a 12 month low of $14.51 and a 12 month high of $18.29.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.48 by $0.11. The business had revenue of $119.00 million for the quarter, compared to the consensus estimate of $280.17 million. AGNC Investment had a negative net margin of 84.94% and a positive return on equity of 11.89%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

The firm also recently disclosed a nov 19 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a $0.16 dividend. AGNC Investment’s dividend payout ratio (DPR) is currently 81.70%.

In other AGNC Investment news, Director Morris A. Davis acquired 7,350 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $17.02 per share, with a total value of $125,097.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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