AGNC Investment Corp. $AGNC Shares Sold by Consolidated Portfolio Review Corp

Key Points

• Consolidated Portfolio Review Corp reduced its stake in AGNC Investment Corp. by 76.2%, holding only 25,934 shares after selling 82,984 shares during the second quarter.
• AGNC Investment reported a quarterly earnings miss with an EPS of $0.38, which fell short of the expected $0.42, while revenue significantly exceeded expectations at $830 million.
• The company announced a dividend of $0.12 per share to be paid on October 9th, boasting an impressive yield of 1,471.0%.

Consolidated Portfolio Review Corp reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 76.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,934 shares of the real estate investment trust's stock after selling 82,984 shares during the quarter. Consolidated Portfolio Review Corp's holdings in AGNC Investment were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGNC. N.E.W. Advisory Services LLC acquired a new position in AGNC Investment in the 1st quarter valued at about $28,000. Larson Financial Group LLC grew its holdings in shares of AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after buying an additional 2,519 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of AGNC Investment in the first quarter valued at approximately $34,000. VSM Wealth Advisory LLC purchased a new stake in AGNC Investment in the 1st quarter worth approximately $35,000. Finally, Rossby Financial LCC acquired a new position in AGNC Investment in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

Wall Street Analyst Weigh In

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

AGNC Investment Price Performance

AGNC stock opened at $10.01 on Friday. The company has a market cap of $10.43 billion, a PE ratio of 29.44 and a beta of 1.32. 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 stock has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $9.37. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63.

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 EPS 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 during the quarter, compared to analysts' expectations of $447.37 million. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 1,471.0%. AGNC Investment's dividend payout ratio (DPR) is 423.53%.

Insider Transactions at AGNC Investment

In related news, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the transaction, the director directly owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares of the company's stock, valued at $1,087,410.25. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

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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