Sullivan Wood Capital Management LLC Makes New Investment in AGNC Investment Corp. $AGNC

Key Points

• Sullivan Wood Capital Management LLC has made a new investment in AGNC Investment Corp., purchasing 73,400 shares valued at approximately $683,000, which now accounts for about 1.4% of their investment portfolio.
• AGNC reported earnings of $0.38 per share for the quarter, missing expectations, and announced a dividend of $0.12 per share, reflecting a substantial yield of 1,471.0%.
• Institutional investors collectively own 38.28% of AGNC, with several firms recently increasing their stakes, indicating strong interest in the real estate investment trust.

Sullivan Wood Capital Management LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 73,400 shares of the real estate investment trust's stock, valued at approximately $683,000. AGNC Investment comprises approximately 1.4% of Sullivan Wood Capital Management LLC's investment portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGNC. Kingstone Capital Partners Texas LLC boosted its stake in AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock worth $446,651,000 after purchasing an additional 46,368,867 shares during the last quarter. Nuveen LLC acquired a new stake in AGNC Investment during the 1st quarter worth $30,546,000. Vaughan Nelson Investment Management L.P. boosted its stake in AGNC Investment by 18.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after purchasing an additional 2,589,020 shares during the last quarter. Vanguard Group Inc. boosted its stake in AGNC Investment by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock worth $821,765,000 after purchasing an additional 2,462,337 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in AGNC Investment by 496.7% during the 1st quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust's stock worth $14,247,000 after purchasing an additional 1,862,128 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Stock Up 0.8%

Shares of AGNC opened at $10.01 on Friday. The firm has a market cap of $10.43 billion, a P/E ratio of 29.44 and a beta of 1.32. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63. The company's 50-day moving average price is $9.81 and its 200 day moving average price is $9.37. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $830.00 million during 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 firm posted $0.53 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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. Jones Trading reissued a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

Insider Activity

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction dated 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 directly owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business's 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 sale, the director owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents 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 currently owned by insiders.

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).

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