Natixis Advisors LLC Raises Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• Natixis Advisors LLC increased its stake in AGNC Investment Corp. by 21.1%, owning over 4.3 million shares worth approximately $41 million.
• AGNC Investment reported earnings per share of $0.38, missing analysts' expectations, with revenues of $830 million compared to a forecast of $447 million.
• The company announced a $0.12 dividend scheduled for August 11th, which reflects an impressive dividend yield of 1,520.0%.

Natixis Advisors LLC grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,318,354 shares of the real estate investment trust's stock after buying an additional 752,201 shares during the quarter. Natixis Advisors LLC owned 0.47% of AGNC Investment worth $41,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in AGNC Investment by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock valued at $168,000 after buying an additional 970 shares in the last quarter. Kovack Advisors Inc. grew its stake in AGNC Investment by 0.5% in the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock valued at $2,130,000 after buying an additional 1,186 shares in the last quarter. CoreCap Advisors LLC grew its stake in AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares in the last quarter. IFP Advisors Inc grew its stake in AGNC Investment by 24.2% in the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 1,261 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in AGNC Investment by 9.2% in the 1st quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,296 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

AGNC stock traded up $0.05 during mid-day trading on Friday, reaching $9.48. The company's stock had a trading volume of 22,421,219 shares, compared to its average volume of 20,520,524. The stock has a market cap of $9.67 billion, a PE ratio of 27.88 and a beta of 1.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The company's 50 day moving average is $9.30 and its two-hundred day moving average is $9.45.

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 19.63%. The firm had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same period last year, the company earned $0.53 EPS. Equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, July 31st. This represents a yield of 1,520.0%. AGNC Investment's dividend payout ratio is 423.53%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AGNC. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.58.

Insiders Place Their Bets

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction on Friday, July 25th. The shares were 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. This trade represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction dated 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 in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,496 shares of company stock worth $450,673 in the last ninety days. 0.42% of the stock is owned by corporate insiders.

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).