Independent Financial Group LLC Invests $4.03 Million in AGNC Investment Corp. $AGNC

Independent Financial Group LLC purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, Holdings Channel.com reports. The fund purchased 402,057 shares of the real estate investment trust’s stock, valued at approximately $4,033,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wealthspire Advisors LLC raised its holdings in AGNC Investment by 0.9% during the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after acquiring an additional 907 shares during the period. Davidson Trust Co. lifted its position in shares of AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 985 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 1,046 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the period. Finally, Motiv8 Investments LLC grew its position in shares of AGNC Investment by 6.0% in the fourth quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 1,049 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC opened at $11.22 on Friday. The company has a fifty day moving average price of $10.59 and a 200-day moving average price of $10.82. The firm has a market capitalization of $12.88 billion, a P/E ratio of 9.27 and a beta of 1.31. AGNC Investment Corp. has a one year low of $9.11 and a one year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, analysts expect that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio is currently 119.01%.

Analyst Ratings Changes

A number of analysts recently issued reports on AGNC shares. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. UBS Group lifted their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

Insider Activity

In related news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 215,234 shares of company stock worth $2,364,022. Insiders own 0.40% of the company’s stock.

AGNC Investment 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.