Jupiter Topco LLC Makes New Investment in AGNC Investment Corp. $AGNC

Key Points

• Jupiter Topco LLC acquired 486,442 shares of AGNC Investment in the second quarter, valued at approximately $5.3 million. Institutional investors collectively own 38.28% of the company.
• AGNC reported quarterly EPS of $0.40, beating analysts’ $0.38 estimate, while generating $305 million in revenue. The company also declared a monthly dividend of $0.12 per share, representing a 13.4% annualized yield.
• Analyst sentiment remains mixed, with four Buy ratings and seven Hold ratings; the stock has an average rating of Hold and an average price target of $11.11, compared with a recent price of $10.73.

Jupiter Topco LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 486,442 shares of the real estate investment trust's stock, valued at approximately $5,300,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Danske Bank A S bought a new position in shares of AGNC Investment in the second quarter valued at approximately $26,000. Avion Wealth lifted its position in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,021 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in AGNC Investment in the second quarter worth approximately $28,000. Osbon Capital Management LLC bought a new position in AGNC Investment during the 2nd quarter valued at $28,000. Finally, National Bank of Canada FI boosted its stake in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.73 on Tuesday. 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 Corp. has a 1 year low of $9.62 and a 1 year high of $12.19. The firm's 50 day moving average price is $10.89 and its two-hundred day moving average price is $10.69.

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

AGNC Investment Announces Dividend

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

Insider Activity

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

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings raised AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Piper Sandler lifted their target price on AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target on the stock. in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.11.

AGNC Investment Company 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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