Zurcher Kantonalbank Zurich Cantonalbank Buys 44,384 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holding in AGNC Investment Corp. by 22.8% during the first quarter, acquiring an additional 44,384 shares, bringing its total to 239,402 shares valued at approximately $2.29 million.
• AGNC Investment reported a miss in earnings for the quarter with earnings per share of $0.38, below the expected $0.42, while also noting substantial revenue of $830 million.
• The company's recent dividend yield is reported at 1,520.0% with a payout ratio of 423.53%, and dividends are set to be paid on August 11th.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 22.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,402 shares of the real estate investment trust's stock after acquiring an additional 44,384 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in AGNC Investment were worth $2,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGNC. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment during the fourth quarter worth about $26,000. National Bank of Canada FI grew its holdings in AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,832 shares during the last quarter. Larson Financial Group LLC increased its position in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after buying an additional 2,519 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of AGNC Investment in the first quarter worth $35,000. Finally, Rossby Financial LCC purchased a new stake in shares of AGNC Investment in the first quarter valued at $38,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Paul E. Mullings sold 11,000 shares of the firm's 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of the company'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 transaction, the director owned 112,685 shares in the company, valued at approximately $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. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Stock Performance

AGNC stock traded down $0.18 during mid-day trading on Wednesday, reaching $9.42. 16,554,239 shares of the stock traded hands, compared to its average volume of 26,133,602. The company has a quick ratio of 0.28, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $9.32 and a two-hundred day moving average of $9.45. The firm has a market capitalization of $9.81 billion, a PE ratio of 27.71 and a beta of 1.28. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released 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). The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Wells Fargo & Company cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group boosted their price objective on shares of AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Jones Trading restated a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.58.

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).