AGNC Investment Corp. $AGNC Holdings Lifted by KG&L Capital Management LLC

KG&L Capital Management LLC boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 18.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,314 shares of the real estate investment trust’s stock after acquiring an additional 7,249 shares during the quarter. KG&L Capital Management LLC’s holdings in AGNC Investment were worth $435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in shares of AGNC Investment in the 1st quarter worth approximately $28,000. Larson Financial Group LLC boosted its holdings 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. AlphaQuest LLC acquired a new position in AGNC Investment in the first quarter worth approximately $34,000. VSM Wealth Advisory LLC bought a new position in shares of AGNC Investment in the first quarter valued at $35,000. Finally, Rossby Financial LCC acquired a new stake in shares of AGNC Investment during the 1st quarter valued at $38,000. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the company’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 directly owned 128,511 shares of the company’s stock, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director directly owned 112,685 shares of the company’s stock, valued at $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AGNC. UBS Group lifted their target price on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, Jones Trading reaffirmed a “buy” rating and set a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.63.

AGNC Investment Price Performance

NASDAQ AGNC opened at $9.84 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 28.94 and a beta of 1.30. The company has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $9.36. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The company had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same quarter in the prior year, the company posted $0.53 EPS. Equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 1,408.0%. AGNC Investment’s dividend payout ratio (DPR) is presently 423.53%.

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).