AGNC Investment Corp. $AGNC Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC significantly increased its stake in AGNC Investment Corp. by 481.3% during Q2, now holding 109,315 shares valued at over $1 million.
• AGNC Investment reported Q2 earnings of $0.38 per share, missing the expected $0.42, but significantly exceeding revenue estimates with $830 million against $447.37 million expected.
• The company announced a $0.12 dividend to be paid on November 12, representing a staggering dividend yield of 1,417.0%.

MGO One Seven LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 481.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,315 shares of the real estate investment trust's stock after buying an additional 90,511 shares during the quarter. MGO One Seven LLC's holdings in AGNC Investment were worth $1,005,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AGNC. Yousif Capital Management LLC lifted its position in AGNC Investment by 24.2% in the first quarter. Yousif Capital Management LLC now owns 42,048 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 8,194 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in AGNC Investment by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust's stock valued at $1,128,000 after buying an additional 7,650 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in AGNC Investment by 83.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 67,571 shares of the real estate investment trust's stock worth $647,000 after purchasing an additional 30,835 shares during the period. Brighton Jones LLC purchased a new stake in AGNC Investment during the first quarter worth about $141,000. Finally, Mission Wealth Management LP purchased a new stake in AGNC Investment during the first quarter worth about $154,000. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.92 on Friday. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.37. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 29.18 and a beta of 1.32. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same period in the previous year, the company posted $0.53 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment's dividend payout ratio is presently 423.53%.

Insider Activity at AGNC Investment

In other news, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares of the company's stock, valued at $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. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Piper Sandler boosted their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Finally, Jones Trading reiterated a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.75.

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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