Strategic Financial Concepts LLC Buys New Position in AGNC Investment Corp. (NASDAQ:AGNC)

Strategic Financial Concepts LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,305 shares of the real estate investment trust’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC acquired a new stake in AGNC Investment during the 4th quarter worth approximately $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at $37,000. CENTRAL TRUST Co purchased a new position in AGNC Investment in the fourth quarter valued at $46,000. Allworth Financial LP increased its holdings in AGNC Investment by 76.5% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in AGNC Investment during the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC stock traded down $0.09 during mid-day trading on Tuesday, hitting $9.15. 8,998,350 shares of the stock were exchanged, compared to its average volume of 11,875,578. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 10.06 and a beta of 1.45. The stock’s fifty day simple moving average is $9.54 and its two-hundred day simple moving average is $9.27.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter last year, the business posted $0.70 EPS. On average, analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s payout ratio is 158.24%.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of analyst reports. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Jonestrading reduced their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Barclays lifted their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus price target of $9.79.

Insider Transactions at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

AGNC Investment Company 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).