PFG Investments LLC Boosts Stake in AGNC Investment Corp. $AGNC

Key Points

• PFG Investments LLC increased its stake in AGNC Investment Corp. by 21.0%, now owning 250,964 shares valued at approximately $2.3 million.
• Insider transactions revealed that directors sold shares, with sales representing decreases in their positions—John D. Fisk sold 20,278 shares, reflecting a 15.25% drop in ownership.
• AGNC Investment announced a $0.12 dividend to be paid on October 9th, reflecting a high yield of 1,471.0%; however, the company's payout ratio was indicated as 423.53%.

PFG Investments LLC raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 21.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,964 shares of the real estate investment trust's stock after purchasing an additional 43,472 shares during the quarter. PFG Investments LLC's holdings in AGNC Investment were worth $2,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovack Advisors Inc. grew its stake in AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after purchasing an additional 1,186 shares in the last quarter. CreativeOne Wealth LLC grew its stake in AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 1,237 shares in the last quarter. MetLife Investment Management LLC grew its stake in AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust's stock worth $149,000 after purchasing an additional 1,256 shares in the last quarter. IFP Advisors Inc grew its stake in AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 1,261 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in AGNC Investment by 9.2% during the 1st quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Stock Up 1.4%

Shares of NASDAQ AGNC opened at $9.93 on Thursday. The stock has a market cap of $10.34 billion, a PE ratio of 29.21 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. The business has a 50-day moving average price of $9.81 and a 200 day moving average price of $9.37.

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

AGNC Investment Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 1,471.0%. AGNC Investment's dividend payout ratio is 423.53%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Jones Trading reaffirmed a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group upped their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.63.

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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