Dupree Financial Group LLC Sells 84,855 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Dupree Financial Group LLC lessened its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,015,187 shares of the real estate investment trust's stock after selling 84,855 shares during the quarter. AGNC Investment comprises approximately 7.8% of Dupree Financial Group LLC's portfolio, making the stock its largest position. Dupree Financial Group LLC owned about 0.22% of AGNC Investment worth $19,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AGNC. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock worth $767,348,000 after acquiring an additional 10,316,999 shares in the last quarter. Norges Bank acquired a new position in shares of AGNC Investment in the fourth quarter worth $87,269,000. Raymond James Financial Inc. acquired a new position in shares of AGNC Investment in the fourth quarter worth $39,840,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after acquiring an additional 2,589,020 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock worth $134,645,000 after acquiring an additional 2,311,105 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

Insider Activity at AGNC Investment

In other news, Director Donna Blank sold 17,218 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director directly owned 90,345 shares of the company's stock, valued at approximately $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president directly owned 374,019 shares of the company's stock, valued at $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 in the last ninety days. 0.42% of the stock is currently owned by insiders.

AGNC Investment Stock Down 0.3%

Shares of AGNC stock traded down $0.03 on Monday, reaching $9.36. 21,688,826 shares of the stock were exchanged, compared to its average volume of 22,145,977. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $9.09 and its 200 day moving average price is $9.43. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 23.40 and a beta of 1.28. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. The firm had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 15.5%. AGNC Investment's dividend payout ratio (DPR) is presently 360.00%.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several research reports. Royal Bank Of Canada dropped their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a research note on Tuesday, June 3rd. Finally, Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.75.

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).