Deutsche Bank AG Grows Stock Position in AGNC Investment Corp. $AGNC

Key Points

• Deutsche Bank AG increased its investment in AGNC Investment Corp. by 116.6%, purchasing an additional 44,449 shares for a total of 82,574 shares valued at approximately $791,000.
• AGNC Investment recently announced a monthly dividend of $0.12 per share, representing a 14.7% annualized yield and a payout ratio of 423.53%.
• The company's quarterly earnings report showed an EPS of $0.38, missing the consensus estimate of $0.42, with total revenue reported at $830 million.

Deutsche Bank AG lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 116.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,574 shares of the real estate investment trust's stock after purchasing an additional 44,449 shares during the quarter. Deutsche Bank AG's holdings in AGNC Investment were worth $791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in shares of AGNC Investment in the 4th quarter worth approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the 1st quarter worth approximately $28,000. Larson Financial Group LLC boosted its holdings in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of AGNC Investment in the 1st quarter worth approximately $35,000. Finally, Rossby Financial LCC purchased a new position in shares of AGNC Investment in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent analyst reports. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Jones Trading restated a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, UBS Group boosted their price objective on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.58.

AGNC Investment Stock Down 0.3%

Shares of AGNC stock traded down $0.03 during mid-day trading on Friday, hitting $9.76. The stock had a trading volume of 13,984,463 shares, compared to its average volume of 15,738,914. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85. The firm has a market capitalization of $10.17 billion, a P/E ratio of 28.71 and a beta of 1.30. The firm's 50-day moving average is $9.49 and its two-hundred day moving average is $9.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

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

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 14.8%. The ex-dividend date is Friday, August 29th. AGNC Investment's dividend payout ratio is currently 423.53%.

Insider Buying and Selling 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 stock was sold at an average price of $9.61, for a total value 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 represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction dated 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 transaction, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently 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).