Dupree Financial Group LLC Has $20.35 Million Holdings in AGNC Investment Corp. $AGNC

Key Points

• Dupree Financial Group LLC has increased its stake in AGNC Investment Corp. by 9.9%, holding approximately $20.35 million and making it the firm's largest position.
• AGNC Investment recently reported a quarterly EPS of $0.35, missing analysts' expectations of $0.38, with revenue significantly exceeding estimates at $903 million.
• The company declared a dividend of $0.12 per share to be paid on November 12, reflecting an exceptionally high payout ratio of 423.53%.

Dupree Financial Group LLC grew its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 9.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,214,036 shares of the real estate investment trust's stock after purchasing an additional 198,849 shares during the period. AGNC Investment comprises approximately 8.0% of Dupree Financial Group LLC's investment portfolio, making the stock its largest position. Dupree Financial Group LLC owned 0.22% of AGNC Investment worth $20,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Red Tortoise LLC boosted its position in AGNC Investment by 377.4% in the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 2,185 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment during the first quarter worth $28,000. Larson Financial Group LLC lifted its stake 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 valued at $32,000 after acquiring an additional 2,519 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 3,300 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of AGNC Investment during the 1st quarter valued at $34,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $10.10 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.63. The company has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $9.38. The company has a market capitalization of $10.52 billion, a PE ratio of 29.71 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $466.39 million. During the same quarter last year, the firm posted $0.43 EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.12 per share. This represents a yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment's dividend payout ratio (DPR) is presently 423.53%.

Insider Activity

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction that occurred on 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 approximately $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a report on Monday. Jones Trading reiterated a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group upped their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Piper Sandler lifted their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.96.

About AGNC Investment

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).

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