AGNC Investment Corp. (NASDAQ:AGNC) Stake Boosted by PFG Investments LLC

PFG Investments LLC increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,911 shares of the real estate investment trust’s stock after purchasing an additional 26,190 shares during the period. PFG Investments LLC’s holdings in AGNC Investment were worth $1,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of AGNC Investment during the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. grew its position in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Blue Trust Inc. increased its stake in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,966 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of AGNC Investment during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AGNC. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Compass Point lifted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Trading Down 0.1 %

Shares of NASDAQ:AGNC opened at $9.93 on Friday. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 10.91 and a beta of 1.47. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.85. The company has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last issued 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). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s payout ratio is 158.24%.

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).