MGO One Seven LLC Sells 87,855 Shares of AGNC Investment Corp. $AGNC

MGO One Seven LLC lessened its position in AGNC Investment Corp. (NASDAQ:AGNC) by 80.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,460 shares of the real estate investment trust’s stock after selling 87,855 shares during the period. MGO One Seven LLC’s holdings in AGNC Investment were worth $210,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,064 shares during the period. Compass Financial Group INC SD increased its position in AGNC Investment by 5.3% in the 3rd quarter. Compass Financial Group INC SD now owns 21,521 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 1,084 shares during the period. KG&L Capital Management LLC increased its position in AGNC Investment by 2.4% in the 3rd quarter. KG&L Capital Management LLC now owns 48,434 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 1,120 shares during the period. Huntington National Bank raised its stake in shares of AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,199 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of AGNC Investment by 1.8% during the second quarter. MAI Capital Management now owns 67,245 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 1,206 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AGNC. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Piper Sandler increased their price target on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Barclays upped their target price on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.41.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $11.66 on Wednesday. The firm has a 50 day moving average of $10.71 and a 200-day moving average of $10.14. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 17.40 and a beta of 1.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $11.93.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Friday, January 30th. AGNC Investment’s dividend payout ratio is 214.93%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.