Compass Financial Management LLC Purchases Shares of 352,260 AGNC Investment Corp. $AGNC

Key Points

• Compass Financial Management acquired 352,260 AGNC Investment shares during the second quarter, valued at approximately $3.8 million. BlackRock and several other institutional investors also increased or initiated positions, with institutions owning 38.28% of the stock.
• AGNC reported quarterly EPS of $0.40, beating the $0.38 consensus estimate. The stock opened at $10.65, while analysts maintain an average “Hold” rating and an $11.11 price target.
• AGNC declared a monthly dividend of $0.12 per share, implying an annualized yield of approximately 13.5%. An executive vice president separately sold 5,000 shares at an average price of $11.00.

Compass Financial Management LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 352,260 shares of the real estate investment trust's stock, valued at approximately $3,784,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of AGNC Investment in the second quarter worth approximately $704,076,000. QRG Capital Management Inc. increased its stake in AGNC Investment by 921.8% in the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust's stock valued at $5,724,000 after buying an additional 514,804 shares during the period. Y Intercept Hong Kong Ltd lifted its position in AGNC Investment by 187.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust's stock worth $8,430,000 after buying an additional 512,574 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of AGNC Investment by 3,855.5% during the 2nd quarter. GoalVest Advisory LLC now owns 96,949 shares of the real estate investment trust's stock valued at $1,057,000 after buying an additional 94,498 shares during the period. Finally, Fieldview Capital Management LLC purchased a new position in shares of AGNC Investment during the 4th quarter valued at $1,829,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

AGNC Investment Trading Down 0.1%

AGNC stock opened at $10.65 on Friday. AGNC Investment Corp. has a 1 year low of $9.63 and a 1 year high of $12.19. The company has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.67. The firm has a market cap of $12.63 billion, a PE ratio of 5.61 and a beta of 1.32.

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

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.5%. AGNC Investment's dividend payout ratio is presently 75.79%.

Analyst Upgrades and Downgrades

AGNC has been the subject of several recent research reports. Wells Fargo & Company cut their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Weiss Ratings upgraded AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Compass Point lowered AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Keefe, Bruyette & Woods cut their price target on 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. Finally, Piper Sandler lifted their price target on AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. 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.com, the stock presently has an average rating of "Hold" and an average target price of $11.11.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source