Stock of The Day: Institutional Investors Are Dumping American Capital Agency Corp (NASDAQ:AGNC)

November 29, 2016 - By Peter Erickson   ·   0 Comments

Stock of The Day: Institutional Investors Are Dumping American Capital Agency Corp (NASDAQ:AGNC)

Sentiment for American Capital Agency Corp (NASDAQ:AGNC)

American Capital Agency Corp (NASDAQ:AGNC) institutional sentiment decreased to 0.5 in Q2 2016. Its down -0.70, from 1.2 in 2016Q1. The ratio has worsened, as 159 investment professionals started new and increased positions, while 132 reduced and sold stock positions in American Capital Agency Corp. The investment professionals in our partner’s database now own: 185.52 million shares, down from 197.82 million shares in 2016Q1. Also, the number of investment professionals holding American Capital Agency Corp in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 34 Reduced: 98 Increased: 123 New Position: 36.

AGNC Investment Corp., formerly American Capital Agency Corp., is an internally managed real estate investment trust . The company has a market cap of $6.14 billion. The Firm primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). It has a 40.47 P/E ratio. The Company’s 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).

About 861,884 shares traded hands. AGNC Investment Corp (NASDAQ:AGNC) has risen 2.47% since April 26, 2016 and is uptrending. It has underperformed by 2.79% the S&P500.

Analysts await AGNC Investment Corp (NASDAQ:AGNC) to report earnings on February, 6. They expect $0.63 earnings per share, up 16.67% or $0.09 from last year’s $0.54 per share. AGNC’s profit will be $205.76 million for 7.46 P/E if the $0.63 EPS becomes a reality. After $0.64 actual earnings per share reported by AGNC Investment Corp for the previous quarter, Wall Street now forecasts -1.56% negative EPS growth.

According to Zacks Investment Research, “AGNC Investment Corp. is an internally-managed real estate investment trust. It invests in agency mortgage-backed securities on a leveraged basis, financed primarily through collateralized borrowings structured as repurchase agreements. AGNC Investment Corp., formerly known as American Capital Agency Corp., is based in Bethesda, Maryland.”

Penn Mutual Life Insurance Co holds 10.26% of its portfolio in AGNC Investment Corp for 716,000 shares. Raiff Partners Inc owns 100,000 shares or 5.7% of their US portfolio. Moreover, Icm Asset Management Inc Wa has 3.06% invested in the company for 105,764 shares. The Virginia-based Yorktown Management & Research Co Inc has invested 2.48% in the stock. First Houston Capital Inc., a Texas-based fund reported 133,600 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 9 selling transactions for $13.58 million net activity.

AGNC Investment Corp (NASDAQ:AGNC) Ratings Coverage

Ratings analysis reveals 44% of American Capital Agency Corp.’s analysts are positive. Out of 9 Wall Street analysts rating American Capital Agency Corp., 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $18.50 while the high is $24. The stock’s average target of $21.22 is 12.87% above today’s ($18.8) share price. AGNC was included in 17 notes of analysts from July 30, 2015. Bank of America upgraded the stock to “Neutral” rating in Wednesday, June 29 report. On Wednesday, December 16 the stock rating was downgraded by Morgan Stanley to “Underweight”. RBC Capital Markets maintained AGNC Investment Corp (NASDAQ:AGNC) on Wednesday, October 28 with “Outperform” rating. The rating was downgraded by Nomura on Friday, July 8 to “Neutral”. The rating was upgraded by Compass Point on Thursday, August 13 to “Buy”. On Tuesday, October 27 the stock rating was downgraded by Wunderlich to “Hold”. Wunderlich upgraded the shares of AGNC in a report on Monday, May 23 to “Buy” rating. The firm has “Buy” rating by Nomura given on Wednesday, August 12. The rating was maintained by RBC Capital Markets on Monday, August 3 with “Outperform”. The company was maintained on Wednesday, October 28 by Deutsche Bank.

AGNC Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is an internally managed real estate investment trust (REIT). The Firm primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). The Company’s 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). The Firm also focuses on investing in other assets related to agency securities and approximately 10% of its assets in AAA non-agency and commercial mortgage-backed securities (collectively, AAA non-agency MBS).

More important recent AGNC Investment Corp (NASDAQ:AGNC) news were published by: Nasdaq.com which released: “AGNC Investment Corp. (AGNC) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016, also Seekingalpha.com published article titled: “Want Steady Yields? Look At The AGNC Preferred Shares”, Prnewswire.com published: “AGNC Investment Corp. Encourages Stockholders to Submit Voting Instructions …” on November 18, 2016. More interesting news about AGNC Investment Corp (NASDAQ:AGNC) was released by: Prnewswire.com and their article: “AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.18 per …” with publication date: November 14, 2016.

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By Peter Erickson

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