LPL Financial LLC Has $13.34 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

LPL Financial LLC increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,392,082 shares of the real estate investment trust's stock after purchasing an additional 153,187 shares during the quarter. LPL Financial LLC owned approximately 0.15% of AGNC Investment worth $13,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in AGNC Investment during the fourth quarter worth about $26,000. National Bank of Canada FI boosted its holdings in AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after buying an additional 1,832 shares during the last quarter. Larson Financial Group LLC boosted its holdings in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after buying an additional 2,519 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in AGNC Investment during the first quarter worth about $35,000. Finally, Rossby Financial LCC bought a new position in shares of AGNC Investment during the 1st quarter valued at about $38,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Up 0.4%

AGNC Investment stock traded up $0.04 during midday trading on Friday, reaching $9.45. The stock had a trading volume of 10,825,059 shares, compared to its average volume of 20,970,722. The firm's fifty day simple moving average is $9.35 and its 200-day simple moving average is $9.45. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85. The stock has a market capitalization of $9.84 billion, a P/E ratio of 27.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $830.00 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.53 EPS. As a group, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 15.2%. AGNC Investment's payout ratio is 423.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGNC. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Jones Trading reiterated a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. UBS Group lifted their price objective on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of "Hold" and an average target price of $9.58.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction that occurred 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. The trade was a 7.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

About AGNC Investment

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).