150,886 Shares in AGNC Investment Corp. $AGNC Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 150,886 AGNC Investment shares in the second quarter, valued at approximately $1.65 million. Institutional investors collectively own 38.28% of the mortgage REIT.
• AGNC reported quarterly earnings of $0.40 per share, exceeding analyst expectations of $0.38, while shares recently traded at $10.90.
• The company declared a monthly dividend of $0.12 per share, implying a 13.2% annualized yield. Analysts remain cautious, with the stock carrying a consensus “Hold” rating and an average price target of $11.11.

Deutsche Bank AG bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,886 shares of the real estate investment trust's stock, valued at approximately $1,645,000.

A number of other hedge funds also recently bought and sold shares of AGNC. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust's stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the last quarter. International Assets Investment Management LLC increased its stake in AGNC Investment by 43.1% in the 4th quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust's stock worth $5,216,000 after purchasing an additional 146,508 shares in the last quarter. QRG Capital Management Inc. increased its stake in AGNC Investment by 921.8% in the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust's stock worth $5,724,000 after purchasing an additional 514,804 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in AGNC Investment by 187.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust's stock worth $8,430,000 after buying an additional 512,574 shares during the period. Finally, GoalVest Advisory LLC raised its holdings in AGNC Investment by 3,855.5% during the 2nd quarter. GoalVest Advisory LLC now owns 96,949 shares of the real estate investment trust's stock worth $1,057,000 after buying an additional 94,498 shares during the period. Hedge funds and other institutional investors own 38.28% of the company's stock.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.40% of the company's stock.

AGNC Investment Trading Down 0.4%

Shares of NASDAQ AGNC opened at $10.90 on Friday. AGNC Investment Corp. has a one year low of $9.62 and a one year high of $12.19. The firm has a market capitalization of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32. The business has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.69.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the prior year, the company earned ($0.17) EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment's dividend payout ratio is currently 75.79%.

Wall Street Analyst Weigh In

Several brokerages have commented on AGNC. Piper Sandler raised their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Finally, Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.11.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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