Invesco Ltd. Purchases 42,621 Shares of AGNC Investment Corp. $AGNC

Key Points

• Invesco Ltd. increased its stake in AGNC Investment Corp. by 1.9%, acquiring an additional 42,621 shares, bringing its total ownership to approximately $21.9 million.
• AGNC Investment recently reported a quarterly EPS of $0.38, falling short of the consensus estimate of $0.42, despite a significant revenue of $830 million.
• The company announced a monthly dividend of $0.12, representing an annualized yield of 14.8%, while its dividend payout ratio stands at an unusually high 423.53%.

Invesco Ltd. lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,290,996 shares of the real estate investment trust's stock after purchasing an additional 42,621 shares during the period. Invesco Ltd. owned 0.22% of AGNC Investment worth $21,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment in the 4th quarter valued at $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the 1st quarter worth $28,000. Larson Financial Group LLC increased its position in shares of AGNC Investment by 326.3% in the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of AGNC Investment in the first quarter worth $35,000. Finally, Rossby Financial LCC acquired a new position in AGNC Investment in the first quarter valued at about $38,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.71 on Thursday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 28.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.43. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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 net margin of 11.50% and a return on equity of 19.32%. During the same period in the previous year, the company earned $0.53 EPS. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a yield of 14.8%. AGNC Investment's dividend payout ratio is presently 423.53%.

Insider Activity at AGNC Investment

In related news, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGNC. Royal Bank Of Canada reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Jones Trading restated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Argus restated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.58.

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).

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