Dupree Financial Group LLC Has $15.77 Million Stake in AGNC Investment Corp. $AGNC

Key Points

• Dupree Financial Group LLC cut its position in AGNC by 18.1% in Q4 to 1,470,773 shares valued at about $15.77 million, making AGNC its second-largest holding (~5.7% of the firm's portfolio) and representing 0.14% ownership of the company.
• AGNC declared a monthly dividend of $0.12 (record Apr 30, payable May 11), implying a 13.1% yield while the dividend payout ratio stands at 119.01%, signaling a high yield but elevated payout risk.
• Significant insider selling occurred recently: Director Gary D. Kain sold 700,000 shares for about $8.34 million on Jan 29, and insiders sold a total of 775,000 shares (~$9.25 million) in the last 90 days.

Dupree Financial Group LLC lowered its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,470,773 shares of the real estate investment trust's stock after selling 326,136 shares during the quarter. AGNC Investment accounts for about 5.7% of Dupree Financial Group LLC's holdings, making the stock its 2nd largest position. Dupree Financial Group LLC owned 0.14% of AGNC Investment worth $15,767,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of AGNC Investment in the 4th quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new stake in shares of AGNC Investment in the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC lifted its position in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,048 shares during the period. WealthCollab LLC bought a new stake in shares of AGNC Investment in the 3rd quarter worth approximately $33,000. Finally, National Bank of Canada FI raised its holdings in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,690 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on AGNC Investment from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 6th. Piper Sandler dropped their target price on AGNC Investment from $12.50 to $10.50 and set an "overweight" rating for the company in a report on Thursday, April 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of AGNC Investment in a report on Friday, March 27th. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Finally, Wall Street Zen raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of "Hold" and a consensus target price of $11.06.

Insider Activity

In other news, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director directly owned 2,189,091 shares of the company's stock, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of AGNC Investment stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the sale, the executive vice president directly owned 491,728 shares of the company's stock, valued at $5,969,577.92. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 775,000 shares of company stock valued at $9,246,000. Company insiders own 0.40% of the company's stock.

AGNC Investment Trading Up 1.5%

AGNC stock opened at $11.02 on Friday. The business has a fifty day moving average price of $10.61 and a 200 day moving average price of $10.68. AGNC Investment Corp. has a fifty-two week low of $8.61 and a fifty-two week high of $12.19. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 9.11 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.63% and a net margin of 39.50%.The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $411.57 million. Analysts expect that AGNC Investment Corp. will post 1.54 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, May 11th. Stockholders of record on Thursday, April 30th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Thursday, April 30th. AGNC Investment's dividend payout ratio (DPR) is 119.01%.

AGNC Investment Company Profile

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.

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