AGNC Investment Corp. $AGNC Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its AGNC Investment stake by 25% in the second quarter, owning 713,525 shares valued at approximately $7.8 million. Institutional investors and hedge funds collectively own 38.28% of AGNC.
• AGNC shares opened at $9.62, near their 52-week low, while the company reported quarterly EPS of $0.40, exceeding analyst expectations of $0.38.
• AGNC declared a monthly dividend of $0.12 per share, equivalent to $1.44 annually and a 15.0% yield. Analysts’ consensus rating is “Hold,” with an average price target of $11.11.

QRG Capital Management Inc. grew its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 713,525 shares of the real estate investment trust's stock after acquiring an additional 142,875 shares during the period. QRG Capital Management Inc. owned about 0.06% of AGNC Investment worth $7,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. Bullseye Investment Management LLC bought a new position in shares of AGNC Investment in the second quarter worth $34,000. MCF Advisors LLC boosted its stake in AGNC Investment by 254.1% during the second quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 1,728 shares in the last quarter. WINTON GROUP Ltd grew its holdings in AGNC Investment by 254.4% during the second quarter. WINTON GROUP Ltd now owns 60,600 shares of the real estate investment trust's stock worth $661,000 after acquiring an additional 43,500 shares during the period. Integrated Wealth Concepts LLC raised its position in AGNC Investment by 3.4% in the second quarter. Integrated Wealth Concepts LLC now owns 41,234 shares of the real estate investment trust's stock worth $449,000 after acquiring an additional 1,365 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in AGNC Investment by 13.3% in the 2nd quarter. NewEdge Advisors LLC now owns 144,788 shares of the real estate investment trust's stock valued at $1,578,000 after acquiring an additional 17,025 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Down 2.9%

NASDAQ AGNC opened at $9.62 on Friday. AGNC Investment Corp. has a 1-year low of $9.60 and a 1-year high of $12.19. The company has a market capitalization of $11.40 billion, a PE ratio of 5.06 and a beta of 1.32. The firm's fifty day simple moving average is $10.62 and its 200-day simple moving average is $10.56.

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

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 15.0%. The ex-dividend date is Wednesday, September 30th. AGNC Investment's payout ratio is currently 75.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGNC shares. 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 note on Friday, July 17th. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research note 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. Piper Sandler lifted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.11.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 of the company's stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company's stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or agency, such as Fannie Mae, Freddie Mac or Ginnie Mae. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income from its investment portfolio, primarily through the difference between the yield on its mortgage assets and its borrowing costs.

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