Global Assets Advisory LLC Sells 113,799 Shares of AGNC Investment Corp. $AGNC

Key Points

• Global Assets Advisory LLC reduced its holdings in AGNC Investment Corp. by 64.1%, selling 113,799 shares in the second quarter, leaving them with 63,620 shares valued at around $594,000.
• Analysts have set a consensus target price of $9.63 for AGNC Investment, with ratings ranging from "buy" to "hold," indicating mixed sentiments among analysts regarding the stock's performance.
• The company recently announced a $0.12 dividend scheduled for payment on October 9th, which reflects a significant yield of 1,471.0% despite a high dividend payout ratio of 423.53%.

Global Assets Advisory LLC decreased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 64.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,620 shares of the real estate investment trust's stock after selling 113,799 shares during the period. Global Assets Advisory LLC's holdings in AGNC Investment were worth $594,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of AGNC Investment by 96.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust's stock worth $1,014,000 after buying an additional 54,049 shares in the last quarter. KBC Group NV boosted its stake in AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock worth $320,000 after acquiring an additional 3,081 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in AGNC Investment by 14.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust's stock worth $192,000 after purchasing an additional 2,465 shares during the period. Teacher Retirement System of Texas bought a new stake in AGNC Investment in the first quarter valued at $1,240,000. Finally, Dynamic Advisor Solutions LLC increased its stake in AGNC Investment by 83.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 67,571 shares of the real estate investment trust's stock valued at $647,000 after purchasing an additional 30,835 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jones Trading restated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. UBS Group boosted their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods upped their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of AGNC Investment in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.06 on Monday. The company has a market capitalization of $10.48 billion, a P/E ratio of 29.59 and a beta of 1.32. The company's 50-day moving average is $9.82 and its 200 day moving average is $9.35. 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.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to the consensus estimate 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 firm posted $0.53 EPS. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a yield of 1,471.0%. The ex-dividend date of this dividend is Tuesday, September 30th. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Insider Buying and Selling at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the company's 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 transaction, the director owned 128,511 shares of the company's stock, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction dated 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 of the company's stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

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).

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