SCS Capital Management LLC Purchases Shares of 48,628 AGNC Investment Corp. $AGNC

Key Points

• SCS Capital Management LLC invested $466,000 in AGNC Investment Corp., acquiring 48,628 shares during the first quarter, indicating strong institutional interest.
• AGNC reported a quarterly earnings miss with $0.38 EPS against expectations of $0.42, despite a significant revenue of $830 million.
• The company declared a $0.12 per share dividend with a payout ratio of 423.53%, highlighting its ongoing commitment to returning value to shareholders.

SCS Capital Management LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,628 shares of the real estate investment trust's stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGNC. Captrust Financial Advisors raised its position in AGNC Investment by 12.4% in the fourth 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 in the last quarter. 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 worth $4,271,000 after buying an additional 85,030 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,229 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of AGNC Investment during the 4th quarter worth approximately $112,000. Finally, Deutsche Bank AG boosted its stake in AGNC Investment by 11.8% in 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 Activity

In other AGNC Investment 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 value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. This trade represents 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jones Trading reissued a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. 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. Finally, UBS Group boosted their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, AGNC Investment currently has an average rating of "Moderate Buy" and an average price target of $9.63.

AGNC Investment Trading Down 0.0%

NASDAQ:AGNC traded down $0.01 during mid-day trading on Tuesday, hitting $10.19. The company had a trading volume of 3,601,412 shares, compared to its average volume of 24,766,791. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The business's fifty day moving average is $9.67 and its two-hundred day moving average is $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 firm has a market cap of $10.61 billion, a P/E ratio of 29.96 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 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The company had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

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

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).