Trivium Point Advisory LLC Grows Position in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• Trivium Point Advisory LLC increased its stake in AGNC Investment Corp. by 11.8%, acquiring 74,343 additional shares during the first quarter, making it the firm's 28th largest holding.
• AGNC Investment reported lower-than-expected earnings of $0.38 per share for the recent quarter, missing analysts' estimates of $0.42, with significant revenue of $830 million.
• The company declared a monthly dividend of $0.12 per share, set to be paid on September 10th, representing an annualized dividend yield of 14.9%.

Trivium Point Advisory LLC grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 705,239 shares of the real estate investment trust's stock after acquiring an additional 74,343 shares during the period. AGNC Investment comprises approximately 0.8% of Trivium Point Advisory LLC's holdings, making the stock its 28th largest position. Trivium Point Advisory LLC owned about 0.07% of AGNC Investment worth $6,756,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC raised its position in shares of AGNC Investment by 74.3% during the 4th quarter. Cerity Partners LLC now owns 32,685 shares of the real estate investment trust's stock valued at $313,000 after buying an additional 13,934 shares in the last quarter. Invesco Ltd. raised its position in shares of AGNC Investment by 0.7% during the 4th quarter. Invesco Ltd. now owns 2,248,375 shares of the real estate investment trust's stock valued at $20,708,000 after buying an additional 16,266 shares in the last quarter. Advisory Services Network LLC raised its position in AGNC Investment by 2.9% in the 4th quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust's stock worth $427,000 after purchasing an additional 1,303 shares during the period. Raymond James Financial Inc. purchased a new stake in AGNC Investment in the 4th quarter worth about $39,840,000. Finally, Treasurer of the State of North Carolina raised its position in AGNC Investment by 10.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 357,702 shares of the real estate investment trust's stock worth $3,294,000 after purchasing an additional 35,130 shares during the period. Institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Up 0.2%

Shares of NASDAQ:AGNC traded up $0.02 during trading hours on Friday, reaching $9.63. The stock had a trading volume of 9,899,432 shares, compared to its average volume of 19,733,898. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The firm's 50 day moving average is $9.40 and its 200-day moving average is $9.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 28.32 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to analysts' expectations 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 last year, the business earned $0.53 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 15.0%. AGNC Investment's payout ratio is presently 423.53%.

Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Jones Trading restated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of "Hold" and an average price target of $9.58.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the transaction, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John D. Fisk sold 20,278 shares of the business's 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 transaction, 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 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).