Headlands Technologies LLC Makes New $1.16 Million Investment in AGNC Investment Corp. $AGNC

Key Points

• Headlands Technologies LLC acquired 106,330 AGNC Investment shares during the second quarter, valued at approximately $1.16 million. Institutional investors collectively own 38.28% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $11.11; recent ratings included both target-price reductions and upgrades.
• AGNC reported quarterly EPS of $0.40, exceeding the $0.38 consensus estimate, and announced a monthly dividend of $0.12 per share, implying an annualized yield of about 13.4%.

Headlands Technologies LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 106,330 shares of the real estate investment trust's stock, valued at approximately $1,159,000.

Other large investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN purchased a new stake in AGNC Investment in the second quarter worth approximately $25,000. Danske Bank A S purchased a new stake in AGNC Investment during the 2nd quarter valued at $26,000. Avion Wealth raised its stake in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment during the 2nd quarter valued at $28,000. Finally, Osbon Capital Management LLC bought a new stake in shares of AGNC Investment in the second quarter worth $28,000. 38.28% of the stock is currently owned by institutional investors.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGNC. Compass Point cut AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Wells Fargo & Company cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Finally, Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of "Hold" and an average target price of $11.11.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $10.73 on Tuesday. The firm has a fifty day moving average price of $10.89 and a 200 day moving average price of $10.69. AGNC Investment Corp. has a fifty-two week low of $9.62 and a fifty-two week high of $12.19. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 5.65 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.17) EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Monday, August 31st. AGNC Investment's payout ratio is currently 75.79%.

AGNC Investment 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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