AGNC Investment Corp. $AGNC Position Boosted by Dupree Financial Group LLC

Key Points

• Dupree Financial Group increased its AGNC Investment stake by 33.7% in the third quarter, adding 479,600 shares to own 1.9 million shares valued at approximately $17.25 million. Institutional investors collectively own 38.28% of AGNC.
• AGNC reported quarterly EPS of $0.40, beating estimates by $0.02, and declared a monthly dividend of $0.12, equivalent to an annualized yield of about 16.6%.
• The stock opened at $8.67, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $10.89.

Dupree Financial Group LLC boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 33.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,901,855 shares of the real estate investment trust's stock after buying an additional 479,600 shares during the period. AGNC Investment makes up approximately 4.4% of Dupree Financial Group LLC's portfolio, making the stock its 2nd biggest position. Dupree Financial Group LLC owned about 0.16% of AGNC Investment worth $17,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $704,076,000. Equity Investment Corp purchased a new position in shares of AGNC Investment during the 2nd quarter worth approximately $106,123,000. Bank of America Corp DE purchased a new position in shares of AGNC Investment during the 2nd quarter worth approximately $77,501,000. Van ECK Associates Corp increased its holdings in AGNC Investment by 17.2% in the 2nd quarter. Van ECK Associates Corp now owns 5,190,499 shares of the real estate investment trust's stock valued at $56,576,000 after purchasing an additional 763,109 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in AGNC Investment in the 2nd quarter valued at approximately $40,182,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

AGNC opened at $8.67 on Friday. The business has a fifty day moving average price of $10.21 and a 200 day moving average price of $10.45. AGNC Investment Corp. has a 12 month low of $8.41 and a 12 month high of $12.19. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 4.56 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%. The business had revenue of $305.00 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business posted ($0.17) EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 1.60 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.6%. AGNC Investment's payout ratio is currently 75.79%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Compass Point lowered AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a research note on Friday, July 17th. Finally, Piper Sandler lowered their target price on AGNC Investment from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.89.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

AGNC Investment Company Profile

AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company's investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.

AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.

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