Fiduciary Alliance LLC Acquires New Shares in AGNC Investment Corp. $AGNC

Key Points

• Fiduciary Alliance LLC has acquired 26,776 shares of AGNC Investment Corp., valued at approximately $246,000, as announced in their recent SEC filing.
• AGNC Investment's recent earnings report showed an EPS of $0.38, missing expectations by $0.04, while it had a revenue of $830 million, surpassing analyst predictions.
• The company announced a $0.12 dividend per share, scheduled for payment on October 9, which yields an impressive 1,408.0%.

Fiduciary Alliance LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,776 shares of the real estate investment trust's stock, valued at approximately $246,000.

A number of other hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the 1st quarter valued at approximately $28,000. Larson Financial Group LLC lifted its holdings in 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 buying an additional 2,519 shares during the period. AlphaQuest LLC bought a new stake in shares of AGNC Investment in the 1st quarter worth approximately $34,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of AGNC Investment during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Down 2.5%

AGNC traded down $0.25 during trading on Monday, reaching $9.72. The stock had a trading volume of 28,929,145 shares, compared to its average volume of 19,592,980. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 28.59 and a beta of 1.30. The stock's 50 day moving average is $9.73 and its two-hundred day moving average is $9.37. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.63.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its 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). The business had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same period in the prior year, the company earned $0.53 earnings per share. As a group, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 1,408.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment's dividend payout ratio (DPR) is presently 423.53%.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the transaction, the director 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at $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. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of research analyst reports. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. UBS Group upped their price objective on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $9.63.

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).