Pure Financial Advisors LLC Acquires New Position in AGNC Investment Corp. $AGNC

Key Points

• Pure Financial Advisors LLC acquired a new position in AGNC Investment Corp., purchasing 59,347 shares for approximately $545,000 in Q2.
• Insider selling occurred, with Director John D. Fisk and Director Paul E. Mullings reducing their holdings by 15.25% and 7.88%, respectively, in July 2023.
• AGNC Investment recently announced a dividend of $0.12 per share, with an ex-dividend date of September 30th, representing a yield of 1,471.0%.

Pure Financial Advisors LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,347 shares of the real estate investment trust's stock, valued at approximately $545,000.

A number of other institutional investors also recently bought and sold shares of AGNC. N.E.W. Advisory Services LLC purchased a new position in AGNC Investment during the 1st quarter worth approximately $28,000. Larson Financial Group LLC raised its position in AGNC Investment by 326.3% during the 1st 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. Trust Co. of Vermont raised its position in AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust's stock worth $33,000 after buying an additional 3,300 shares during the last quarter. AlphaQuest LLC purchased a new position in AGNC Investment during the 1st quarter worth approximately $34,000. Finally, VSM Wealth Advisory LLC purchased a new position in AGNC Investment during the 1st quarter worth approximately $35,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of AGNC Investment 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 sale, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. The trade was a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction 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 sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.06 on Friday. The company's fifty day moving average price is $9.82 and its 200 day moving average price is $9.36. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The stock has a market capitalization of $10.48 billion, a P/E ratio of 29.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33.

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 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 business had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same period last year, the firm earned $0.53 EPS. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on AGNC. Weiss Ratings reissued a "hold (c-)" rating on shares of AGNC Investment in a research report on Saturday, September 27th. UBS Group raised their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Jones Trading reaffirmed a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods raised 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. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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).

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.