International Assets Investment Management LLC Acquires 11,473 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

International Assets Investment Management LLC grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,564 shares of the real estate investment trust’s stock after buying an additional 11,473 shares during the quarter. International Assets Investment Management LLC’s holdings in AGNC Investment were worth $978,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment during the 4th quarter worth approximately $30,000. LRI Investments LLC bought a new position in shares of AGNC Investment in the first quarter worth approximately $38,000. Verity & Verity LLC purchased a new position in shares of AGNC Investment in the first quarter worth $45,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AGNC Investment during the 1st quarter valued at $53,000. Finally, Montag A & Associates Inc. purchased a new stake in AGNC Investment during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGNC. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Compass Point raised their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.13.

AGNC Investment Stock Down 0.7 %

Shares of AGNC Investment stock opened at $10.21 on Friday. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50-day moving average of $10.03 and a 200 day moving average of $9.74. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 11.22 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The business had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period in the prior year, the business posted $0.67 EPS. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date is Friday, August 30th. AGNC Investment’s payout ratio is 158.24%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

About AGNC Investment

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).