Wellington Management Group LLP Buys New Shares in AGNC Investment Corp. $AGNC

Wellington Management Group LLP acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 50,795 shares of the real estate investment trust's stock, valued at approximately $487,000.

Other large investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in AGNC Investment during the 4th quarter worth approximately $26,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 1st quarter valued at about $28,000. Larson Financial Group LLC lifted its stake in AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 2,519 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in AGNC Investment during the first quarter worth approximately $35,000. Finally, Rossby Financial LCC acquired a new stake in AGNC Investment during the first quarter worth approximately $38,000. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AGNC Investment Trading Up 1.2%

AGNC stock traded up $0.13 during midday trading on Friday, hitting $10.33. The stock had a trading volume of 20,136,179 shares, compared to its average volume of 25,002,141. The business has a fifty day moving average price of $9.54 and a two-hundred day moving average price of $9.41. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85. The firm has a market cap of $10.76 billion, a P/E ratio of 30.34 and a beta of 1.30. 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 posted 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). The business had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same period in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Friday, August 29th. AGNC Investment's payout ratio is presently 423.53%.

Insider Buying and Selling

In related news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction that occurred 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. This represents a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction that occurred 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 in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Company 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).