Fortitude Advisory Group L.L.C. Has $1.05 Million Stock Position in AGNC Investment Corp. $AGNC

Fortitude Advisory Group L.L.C. increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 14.5% during the second quarter, Holdings Channel reports. The institutional investor owned 113,991 shares of the real estate investment trust’s stock after purchasing an additional 14,448 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in AGNC Investment were worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beacon Financial Advisory LLC purchased a new stake in shares of AGNC Investment in the second quarter worth approximately $110,000. Wealthcare Advisory Partners LLC grew its holdings in AGNC Investment by 28.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 25,693 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 5,702 shares during the period. Ameritas Advisory Services LLC bought a new position in AGNC Investment during the second quarter valued at $280,000. Sullivan Wood Capital Management LLC bought a new position in AGNC Investment during the second quarter valued at $683,000. Finally, Warren Street Wealth Advisors LLC bought a new position in AGNC Investment during the second quarter valued at $461,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of analyst reports. UBS Group raised their price target on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Jones Trading reaffirmed a “buy” rating and set a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $9.63.

AGNC Investment Trading Up 0.5%

NASDAQ:AGNC opened at $10.06 on Friday. 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 $10.48 billion, a price-to-earnings ratio of 29.59 and a beta of 1.32. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.63. The business has a fifty day moving average price of $9.82 and a 200-day moving average price of $9.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The business had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same period in the prior year, the business earned $0.53 earnings per share. Sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a dividend yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment’s payout ratio is currently 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).