International Assets Investment Management LLC Increases Stock Position in AGNC Investment Corp. $AGNC

Key Points

• International Assets Investment Management LLC significantly increased its stake in AGNC Investment Corp. by 155.8% in the second quarter, bringing its total holdings to 328,061 shares valued at approximately $3.1 million.
• Hedge funds and institutional investors collectively own 38.28% of AGNC Investment's stock, reflecting increased interest in the company.
• AGNC Investment recently declared a dividend of $0.12, which represents an extraordinary yield of 1,417.0%, though it comes with a high payout ratio of 423.53%.

International Assets Investment Management LLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 155.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 328,061 shares of the real estate investment trust's stock after purchasing an additional 199,826 shares during the period. International Assets Investment Management LLC's holdings in AGNC Investment were worth $3,115,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of AGNC Investment in the 2nd quarter worth approximately $119,000. Cannon Global Investment Management LLC raised its stake in shares of AGNC Investment by 28.0% during the 2nd quarter. Cannon Global Investment Management LLC now owns 160,000 shares of the real estate investment trust's stock worth $1,470,000 after acquiring an additional 35,000 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of AGNC Investment by 101.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 37,991 shares of the real estate investment trust's stock worth $349,000 after acquiring an additional 19,129 shares in the last quarter. Aubrey Capital Management Ltd raised its stake in shares of AGNC Investment by 27.5% during the 2nd quarter. Aubrey Capital Management Ltd now owns 135,300 shares of the real estate investment trust's stock worth $1,254,000 after acquiring an additional 29,200 shares in the last quarter. Finally, Stableford Capital II LLC raised its stake in shares of AGNC Investment by 61.4% during the 2nd quarter. Stableford Capital II LLC now owns 112,877 shares of the real estate investment trust's stock worth $1,096,000 after acquiring an additional 42,924 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

Insider Buying and Selling

In related news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director 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. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Jones Trading restated a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. Piper Sandler upped their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Finally, 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 note on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $9.75.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.99 on Friday. The firm has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $9.37. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 29.38 and a beta of 1.32. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.63.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, equities analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a yield of 1,417.0%. AGNC Investment's payout ratio is currently 423.53%.

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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