AGNC Investment Corp. (NASDAQ:AGNC) Holdings Boosted by Founders Financial Alliance LLC

Founders Financial Alliance LLC lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 33.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 117,124 shares of the real estate investment trust’s stock after acquiring an additional 29,339 shares during the period. Founders Financial Alliance LLC’s holdings in AGNC Investment were worth $1,117,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of AGNC Investment in the 4th quarter valued at $717,000. Norden Group LLC raised its stake in AGNC Investment by 985.9% during the 1st quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock valued at $1,837,000 after purchasing an additional 168,473 shares during the last quarter. Fermata Advisors LLC increased its stake in AGNC Investment by 53.0% during the first quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 8,039 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of AGNC Investment by 339.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 102,933 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after acquiring an additional 2,368,658 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Price Performance

AGNC opened at $10.46 on Tuesday. The firm has a market cap of $7.60 billion, a PE ratio of 11.49 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a 50-day moving average price of $10.21 and a 200-day moving average price of $9.86. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company’s revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 13.77%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s payout ratio is 158.24%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by 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).