Kovack Advisors Inc. Purchases 2,773 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Kovack Advisors Inc. increased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,934 shares of the real estate investment trust’s stock after acquiring an additional 2,773 shares during the period. Kovack Advisors Inc.’s holdings in AGNC Investment were worth $2,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in shares of AGNC Investment by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 154,175 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 18,289 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of AGNC Investment by 89.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 92,597 shares of the real estate investment trust’s stock worth $917,000 after acquiring an additional 43,733 shares during the last quarter. Swiss National Bank lifted its position in shares of AGNC Investment by 11.0% during the first quarter. Swiss National Bank now owns 1,325,200 shares of the real estate investment trust’s stock worth $13,119,000 after purchasing an additional 130,800 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of AGNC Investment by 17.0% during the first quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 3,663 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of AGNC Investment by 26.3% in the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 13,041 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Trading Up 1.0 %

Shares of AGNC stock traded up $0.09 on Wednesday, hitting $9.56. The stock had a trading volume of 3,393,203 shares, compared to its average volume of 14,032,810. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $8.57 and a twelve month high of $10.85. The company has a fifty day moving average price of $10.13 and a two-hundred day moving average price of $9.96. The firm has a market cap of $8.47 billion, a P/E ratio of 6.58 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

About AGNC Investment

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).