Curi RMB Capital LLC Increases Stock Holdings in AGNC Investment Corp. $AGNC

Key Points

• Curi RMB Capital LLC significantly increased its stake in AGNC Investment Corp. by 665.0% in the first quarter, now holding 230,074 shares valued at $2,204,000.
• AGNC Investment’s recent quarterly earnings were below expectations, with reported earnings per share of $0.38 compared to a consensus estimate of $0.42.
• The company has declared a monthly dividend of $0.12, with a notable annualized dividend yield of 13.9% and a high dividend payout ratio of 423.53%.

Curi RMB Capital LLC lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 665.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,074 shares of the real estate investment trust's stock after acquiring an additional 200,000 shares during the period. Curi RMB Capital LLC's holdings in AGNC Investment were worth $2,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Fourth Dimension Wealth LLC acquired a new stake in AGNC Investment during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of AGNC Investment in the first quarter valued at about $28,000. Larson Financial Group LLC boosted its stake 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 during the period. AlphaQuest LLC acquired a new stake in shares of AGNC Investment during the first quarter worth about $34,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of AGNC Investment during the first quarter worth about $35,000. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jones Trading reaffirmed a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group increased their price target on AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

AGNC Investment Stock Performance

Shares of AGNC stock traded down $0.02 during trading hours on Thursday, reaching $10.23. 15,793,417 shares of the company's stock were exchanged, compared to its average volume of 18,322,866. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The company's 50 day moving average is $9.64 and its two-hundred day moving average is $9.40. The company has a market cap of $10.66 billion, a P/E ratio of 30.09 and a beta of 1.30. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85.

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 analysts' consensus estimates 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 last year, the firm earned $0.53 earnings per share. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. AGNC Investment's dividend payout ratio (DPR) is presently 423.53%.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director owned 128,511 shares in the company, valued at $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 through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director directly owned 112,685 shares in the company, 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. Company insiders own 0.42% of the company's stock.

AGNC Investment 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).