SLT Holdings LLC Purchases New Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

SLT Holdings LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $92,000.

Several other institutional investors have also recently added to or reduced their stakes in AGNC. Financial Life Planners acquired a new position in AGNC Investment in the 4th quarter valued at about $28,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment in the 3rd quarter valued at approximately $32,000. Spire Wealth Management boosted its holdings in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,972 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in AGNC Investment by 775.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 515,148 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in AGNC Investment by 105.7% in the 3rd quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,445 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC stock opened at $10.38 on Friday. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock’s 50 day moving average price is $9.91 and its 200 day moving average price is $9.93. The firm has a market cap of $9.50 billion, a P/E ratio of 10.70 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment’s payout ratio is currently 148.45%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AGNC. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Argus raised AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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).