Triton Wealth Management PLLC Makes New Investment in AGNC Investment Corp. $AGNC

Key Points

• Triton Wealth Management PLLC has made a new investment in AGNC Investment Corp., acquiring 46,056 shares valued at approximately $443,000 during the second quarter.
• AGNC Investment Corp. reported $0.38 EPS for the last quarter, missing expectations, with a significant move in revenue to $830 million, exceeding analyst estimates.
• The company declared a dividend of $0.12 per share, with a remarkable dividend yield of 1,417.0%, and an upcoming payment date on November 12th.

Triton Wealth Management PLLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 46,056 shares of the real estate investment trust's stock, valued at approximately $443,000.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its position in AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock worth $320,000 after purchasing an additional 3,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in AGNC Investment by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust's stock worth $1,128,000 after purchasing an additional 7,650 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in AGNC Investment during the first quarter worth approximately $1,240,000. Dynamic Advisor Solutions LLC boosted its position in AGNC Investment by 83.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 67,571 shares of the real estate investment trust's stock worth $647,000 after purchasing an additional 30,835 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of AGNC Investment by 75.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,257 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 3,112 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $10.01 on Wednesday. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.63. 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 $10.43 billion, a PE ratio of 29.44 and a beta of 1.32. The stock has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.36.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly 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 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 prior year, the business posted $0.53 EPS. Equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGNC. Weiss Ratings reissued a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday, October 8th. Piper Sandler increased their target price on AGNC Investment from $10.00 to $10.50 and gave the company an "overweight" rating in a report on Wednesday, October 8th. UBS Group increased their target price on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Jones Trading reissued a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, 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. 0.42% of the stock is currently owned by company 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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