1832 Asset Management L.P. Takes $7.92 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

1832 Asset Management L.P. acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 800,000 shares of the real estate investment trust’s stock, valued at approximately $7,920,000. 1832 Asset Management L.P. owned about 0.11% of AGNC Investment at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC purchased a new position in AGNC Investment during the fourth quarter valued at $30,000. Verity & Verity LLC bought a new position in shares of AGNC Investment during the 1st quarter valued at approximately $45,000. CENTRAL TRUST Co bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $46,000. Allworth Financial LP grew its stake in shares of 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 valued at $47,000 after acquiring an additional 2,096 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AGNC Investment during the 1st quarter valued at approximately $53,000. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Trading Up 1.8 %

NASDAQ AGNC traded up $0.18 on Friday, reaching $10.05. 22,856,389 shares of the company were exchanged, compared to its average volume of 15,302,291. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.31 billion, a P/E ratio of 11.04 and a beta of 1.48. The business’s fifty day moving average price is $9.83 and its 200 day moving average price is $9.67.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. AGNC Investment’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio is presently 158.24%.

Insider Activity at AGNC Investment

In related news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,900 shares of company stock worth $102,280. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AGNC has been the subject of several recent analyst reports. Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. Compass Point increased their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

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).