Mercer Global Advisors Inc. ADV Cuts Position in AGNC Investment Corp. (NASDAQ:AGNC)

Mercer Global Advisors Inc. ADV trimmed its position in AGNC Investment Corp. (NASDAQ:AGNCGet Rating) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,156 shares of the real estate investment trust’s stock after selling 10,964 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in AGNC Investment were worth $4,890,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AGNC. TAP Consulting LLC purchased a new position in shares of AGNC Investment in the 4th quarter worth about $28,000. National Bank of Canada FI acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $31,000. Catalyst Capital Advisors LLC grew its stake in shares of AGNC Investment by 46.3% in the third quarter. Catalyst Capital Advisors LLC now owns 3,790 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,200 shares in the last quarter. Ellevest Inc. acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of AGNC Investment in the third quarter valued at about $73,000. Institutional investors own 48.34% of the company’s stock.

A number of equities research analysts have recently issued reports on AGNC shares. TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a research note on Monday, January 31st. Piper Sandler reduced their target price on AGNC Investment from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, January 5th. They noted that the move was a valuation call. Zacks Investment Research downgraded AGNC Investment from a “hold” rating to a “sell” rating and set a $13.00 target price on the stock. in a report on Tuesday, January 18th. StockNews.com began coverage on AGNC Investment in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Bank of America downgraded AGNC Investment from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $13.75 in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.38.

In related news, Director Gary D. Kain sold 400,000 shares of AGNC Investment stock in a transaction on Friday, February 11th. The stock was sold at an average price of $14.10, for a total value of $5,640,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Shares of AGNC stock traded down $0.26 during mid-day trading on Tuesday, hitting $12.02. 517,167 shares of the stock traded hands, compared to its average volume of 9,128,140. AGNC Investment Corp. has a twelve month low of $12.17 and a twelve month high of $18.84. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 10.08 and a beta of 1.01. The company’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $14.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.25 and a current ratio of 0.25.

AGNC Investment (NASDAQ:AGNCGet Rating) last issued its quarterly earnings results on Monday, January 31st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. AGNC Investment had a return on equity of 17.52% and a net margin of 58.24%. During the same quarter in the previous year, the firm posted $0.75 EPS. Analysts forecast that AGNC Investment Corp. will post 2.17 earnings per share for the current year.

The business also recently announced a apr 22 dividend, which will be paid on Tuesday, May 10th. Investors of record on Friday, April 29th will be issued a $0.12 dividend. This represents a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, April 28th. AGNC Investment’s payout ratio is 121.01%.

About AGNC Investment (Get Rating)

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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