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

Several other large investors also recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in AGNC Investment during the first quarter valued at approximately $2,149,000. Advisors Capital Management LLC grew its position in AGNC Investment by 2.6% during the first quarter. Advisors Capital Management LLC now owns 1,067,011 shares of the real estate investment trust's stock valued at $10,222,000 after buying an additional 26,942 shares during the period. Mendon Capital Advisors Corp bought a new stake in AGNC Investment during the first quarter valued at approximately $1,916,000. Integrity Alliance LLC. bought a new stake in AGNC Investment during the first quarter valued at approximately $996,000. Finally, SCS Capital Management LLC purchased a new position in AGNC Investment during the first quarter valued at approximately $466,000. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AGNC Investment Price Performance

AGNC stock opened at $10.23 on Friday. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company's fifty day moving average price is $9.64 and its 200-day moving average price is $9.40. 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 company has a market capitalization of $10.66 billion, a PE ratio of 30.09 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 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 company had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same period last year, the firm posted $0.53 EPS. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

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

Insiders Place Their Bets

In related news, Director John D. Fisk sold 20,278 shares of the company's 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. This represents a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were 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. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

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).

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