AlphaCore Capital LLC Acquires 32,651 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• AlphaCore Capital LLC increased its stake in AGNC Investment Corp. by 46.7% during the first quarter, acquiring an additional 32,651 shares, bringing its total holdings to 102,597 shares valued at approximately $995,000.
• AGNC Investment reported a Q2 EPS of $0.38, below analysts' expectations of $0.42, with revenues of $830 million, significantly surpassing the $447.37 million consensus estimate.
• The company declared a monthly dividend of $0.12, which offers a yield of 15.2%, with a high dividend payout ratio of 423.53%.

AlphaCore Capital LLC increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 46.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,597 shares of the real estate investment trust's stock after acquiring an additional 32,651 shares during the period. AlphaCore Capital LLC's holdings in AGNC Investment were worth $995,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hsbc Holdings PLC increased its holdings in shares of 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 worth $168,000 after acquiring an additional 970 shares during the period. Kovack Advisors Inc. increased its stake in AGNC Investment by 0.5% during 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 during the period. CoreCap Advisors LLC increased its stake in AGNC Investment by 34.8% during 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 during the period. IFP Advisors Inc increased its stake in AGNC Investment by 24.2% during 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 during the period. Finally, HB Wealth Management LLC increased its stake in AGNC Investment by 9.2% during 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 during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction that occurred on Monday, July 28th. The shares were 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 in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction that occurred 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 completion of the sale, the director owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AGNC shares. Royal Bank Of Canada lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods raised their target price 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. UBS Group raised their target price on shares of AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Argus reissued a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their target price 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. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.58.

AGNC Investment Trading Up 0.6%

Shares of NASDAQ AGNC traded up $0.06 during mid-day trading on Wednesday, hitting $9.52. 8,843,422 shares of the company traded hands, compared to its average volume of 25,724,578. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 27.99 and a beta of 1.28. 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 business has a 50 day moving average of $9.37 and a two-hundred day moving average of $9.44.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its 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). The firm had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%. During the same period last year, the business earned $0.53 earnings per share. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 15.1%. The ex-dividend date is Friday, August 29th. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

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).