27,766 Shares in AGNC Investment Corp. (NASDAQ:AGNC) Purchased by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd acquired 27,766 shares of AGNC Investment Corp., valued at approximately $266,000, during Q1 as reported in a recent 13F filing.
• AGNC Investment's stock received mixed analyst ratings, with one analyst downgrading it to "sell" while UBS raised the price target to $9.50, implying a consensus hold rating.
• The company announced a $0.12 per share dividend set to be paid on August 11th, representing a yield of 15.2%, amid a high payout ratio of 423.53%.

Y Intercept Hong Kong Ltd purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,766 shares of the real estate investment trust's stock, valued at approximately $266,000.

Several other institutional investors also recently modified their holdings of AGNC. Sei Investments Co. raised its stake in AGNC Investment by 10.0% during the 4th quarter. Sei Investments Co. now owns 408,004 shares of the real estate investment trust's stock valued at $3,758,000 after purchasing an additional 37,150 shares during the period. LPL Financial LLC raised its stake in AGNC Investment by 11.9% during the 4th quarter. LPL Financial LLC now owns 1,238,895 shares of the real estate investment trust's stock valued at $11,410,000 after purchasing an additional 131,954 shares during the period. Norges Bank acquired a new stake in AGNC Investment during the 4th quarter valued at $87,269,000. New Age Alpha Advisors LLC acquired a new stake in AGNC Investment during the 4th quarter valued at $124,000. Finally, Pictet Asset Management Holding SA raised its stake in AGNC Investment by 15.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 110,443 shares of the real estate investment trust's stock valued at $1,017,000 after purchasing an additional 14,922 shares during the period. Institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock traded up $0.16 during midday trading on Monday, reaching $9.64. The company had a trading volume of 13,631,154 shares, compared to its average volume of 26,241,902. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 28.31 and a beta of 1.28. The stock has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $9.45. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.63%. The business had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 1,520.0%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AGNC shares. Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. UBS Group upped their price objective on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Royal Bank Of Canada decreased their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Argus restated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.58.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment 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 transaction, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment 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 transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,496 shares of company stock valued at $450,673 over the last three months. 0.42% of the stock is currently 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).