Rhumbline Advisers Buys 47,699 Shares of AGNC Investment Corp. $AGNC

Key Points

• Rhumbline Advisers increased its stake in AGNC Investment Corp. by 6.5%, acquiring an additional 47,699 shares during the first quarter, bringing its total holdings to 777,264 shares valued at approximately $7.4 million.
• Shares of AGNC Investment have seen mixed analyst ratings, with five analysts giving a Buy rating and a consensus price target of $9.63, reflecting bullish sentiments amidst recent earnings results.
• The company announced a $0.12 per share dividend, with an impressive yield of 1,408.0%, highlighting its substantial dividend payout ratio in relation to earnings.

Rhumbline Advisers boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 777,264 shares of the real estate investment trust's stock after purchasing an additional 47,699 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of AGNC Investment worth $7,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AGNC. Captrust Financial Advisors boosted its stake in AGNC Investment by 12.4% in the 4th quarter. Captrust Financial Advisors now owns 58,951 shares of the real estate investment trust's stock worth $543,000 after purchasing an additional 6,511 shares during the period. Cetera Investment Advisers raised its holdings in shares of AGNC Investment by 22.5% in the 4th quarter. Cetera Investment Advisers now owns 463,699 shares of the real estate investment trust's stock valued at $4,271,000 after acquiring an additional 85,030 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of AGNC Investment during the 4th quarter valued at about $112,000. Finally, Deutsche Bank AG raised its holdings in shares of AGNC Investment by 11.8% during the 4th quarter. Deutsche Bank AG now owns 38,125 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 4,019 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

Insider Transactions at AGNC Investment

In related news, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the sale, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. This represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

AGNC Investment Stock Down 0.1%

Shares of AGNC stock traded down $0.02 during mid-day trading on Tuesday, hitting $10.18. The company's stock had a trading volume of 4,685,431 shares, compared to its average volume of 24,775,385. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85. The business has a 50-day moving average price of $9.67 and a 200 day moving average price of $9.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 29.96 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The firm had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter last year, the company posted $0.53 EPS. Research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.12 dividend. The ex-dividend date is Tuesday, September 30th. This represents a yield of 1,408.0%. AGNC Investment's dividend payout ratio is presently 423.53%.

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).