Independent Advisor Alliance Raises Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Independent Advisor Alliance grew its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 13.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,914 shares of the real estate investment trust’s stock after buying an additional 3,384 shares during the quarter. Independent Advisor Alliance’s holdings in AGNC Investment were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGNC. Nuveen LLC purchased a new stake in AGNC Investment in the first quarter worth about $30,546,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of AGNC Investment by 18.0% in the first 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 acquiring an additional 2,589,020 shares during the period. Vanguard Group Inc. boosted its stake in shares of AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock worth $821,765,000 after acquiring an additional 2,462,337 shares during the period. Citigroup Inc. boosted its stake in shares of AGNC Investment by 496.7% in the first quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust’s stock worth $14,247,000 after acquiring an additional 1,862,128 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of AGNC Investment by 24.9% in the fourth quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust’s stock worth $58,746,000 after acquiring an additional 1,273,565 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction that occurred 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 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 SEC, which is available at this link. Also, 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 value of $105,710.00. Following the sale, the director owned 128,511 shares in the company, valued at approximately $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. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.63 on Friday. The stock has a 50 day moving average of $9.40 and a 200 day moving average of $9.44. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The firm has a market cap of $10.03 billion, a PE ratio of 28.32 and a beta of 1.28. 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) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 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 19.32%. The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same period in the previous year, the company posted $0.53 earnings per share. On average, 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 disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 15.0%. AGNC Investment’s dividend payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AGNC shares. Jones Trading reaffirmed a “buy” rating and issued a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Royal Bank Of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Argus reaffirmed a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, UBS Group upped their price objective on AGNC Investment from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and a consensus 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).