AGNC Investment Corp. $AGNC Holdings Raised by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in AGNC Investment Corp. by 50.0% in Q2, owning 176,604 shares valued at approximately $1.66 million.
• AGNC Investment reported earnings of $0.38 per share for the last quarter, which fell short of the expected $0.42, amidst revenue of $830 million.
• The company announced a dividend of $0.12 per share, resulting in a remarkable yield of 1,463.0%, with a payout ratio of 423.53%.

Wealth Enhancement Advisory Services LLC grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 50.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 176,604 shares of the real estate investment trust's stock after acquiring an additional 58,841 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in AGNC Investment were worth $1,658,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kovack Advisors Inc. boosted its position in AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after acquiring an additional 1,186 shares during the period. CreativeOne Wealth LLC boosted its position in AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock worth $134,000 after acquiring an additional 1,237 shares during the period. MetLife Investment Management LLC boosted its position in AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust's stock worth $149,000 after acquiring an additional 1,256 shares during the period. IFP Advisors Inc boosted its position in AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 1,261 shares during the period. Finally, HB Wealth Management LLC boosted its position in AGNC Investment by 9.2% during the 1st quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,296 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $9.84 on Tuesday. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 28.94 and a beta of 1.30. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The business's fifty day moving average price is $9.79 and its 200 day moving average price is $9.36.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a yield of 1,463.0%. The ex-dividend date of this dividend is Tuesday, September 30th. AGNC Investment's dividend payout ratio is presently 423.53%.

Insider Activity

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director directly owned 112,685 shares of the company's stock, valued at $1,087,410.25. This represents a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AGNC shares. Jones Trading restated a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. UBS Group upped their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

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).

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