AGNC Investment Corp. $AGNC Stock Acquired by Dupree Financial Group LLC

Dupree Financial Group LLC raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 33.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,901,855 shares of the real estate investment trust’s stock after acquiring an additional 479,600 shares during the quarter. AGNC Investment makes up 4.4% of Dupree Financial Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Dupree Financial Group LLC’s holdings in AGNC Investment were worth $17,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. Wedmont Private Capital lifted its stake in AGNC Investment by 3.7% during the third quarter. Wedmont Private Capital now owns 76,570 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 2,765 shares during the last quarter. WoodTrust Financial Corp increased its stake in AGNC Investment by 55.6% in the third quarter. WoodTrust Financial Corp now owns 28,000 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 10,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in AGNC Investment by 32.3% during the third quarter. GAMMA Investing LLC now owns 15,285 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,729 shares in the last quarter. CoreCap Advisors LLC raised its holdings in AGNC Investment by 59.3% during the third quarter. CoreCap Advisors LLC now owns 3,630 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of AGNC Investment by 533.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 5,372 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 4,524 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

AGNC Investment Trading Down 0.1%

Shares of AGNC opened at $8.67 on Friday. The firm has a market cap of $10.28 billion, a PE ratio of 4.56 and a beta of 1.36. The company’s 50 day simple moving average is $10.21 and its 200-day simple moving average is $10.45. AGNC Investment Corp. has a 12-month low of $8.41 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned ($0.17) EPS. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.60 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.6%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s dividend payout ratio is presently 75.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings cut shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.89.

About AGNC Investment

AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company’s investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.

AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.