ING Groep NV Sells 9,000 Shares of AGNC Investment Corp. (AGNC)

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ING Groep NV trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 26.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,659 shares of the real estate investment trust’s stock after selling 9,000 shares during the period. ING Groep NV’s holdings in AGNC Investment were worth $458,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of AGNC Investment by 9.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 172,529 shares of the real estate investment trust’s stock worth $3,207,000 after buying an additional 14,256 shares during the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of AGNC Investment by 24.2% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 62,200 shares of the real estate investment trust’s stock worth $1,167,000 after buying an additional 12,100 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of AGNC Investment by 30.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 61,396 shares of the real estate investment trust’s stock worth $1,142,000 after buying an additional 14,369 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of AGNC Investment by 240.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 48,465 shares of the real estate investment trust’s stock worth $901,000 after buying an additional 34,225 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of AGNC Investment by 8.0% during the 2nd quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock worth $698,383,000 after buying an additional 2,787,637 shares during the last quarter. Institutional investors own 57.68% of the company’s stock.

Shares of AGNC stock opened at $19.18 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $9.14 billion, a PE ratio of 7.84 and a beta of 0.01. AGNC Investment Corp. has a 52-week low of $17.84 and a 52-week high of $21.94.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $274.15 million. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. AGNC Investment’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. equities analysts forecast that AGNC Investment Corp. will post 2.44 earnings per share for the current year.

The company also recently announced a aug 18 dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Friday, August 31st will be issued a $0.18 dividend. The ex-dividend date is Thursday, August 30th. AGNC Investment’s payout ratio is 87.80%.

A number of equities analysts have recently commented on the stock. Maxim Group increased their price objective on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research note on Monday, July 23rd. BidaskClub downgraded shares of AGNC Investment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 19th. Finally, ValuEngine downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.46.

In other news, Director Morris A. Davis sold 6,797 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently 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).

Further Reading: Outstanding Shares and The Effect on Share Price

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

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