Centaurus Financial Inc. Invests $524,000 in AGNC Investment Corp. $AGNC

Centaurus Financial Inc. acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 48,033 shares of the real estate investment trust’s stock, valued at approximately $524,000.

A number of other institutional investors have also modified their holdings of AGNC. BlackRock Inc. purchased a new position in AGNC Investment in the second quarter valued at approximately $704,076,000. Norges Bank acquired a new position in AGNC Investment during the fourth quarter valued at approximately $141,830,000. Equity Investment Corp purchased a new stake in AGNC Investment during the second quarter worth approximately $106,123,000. Bank of America Corp DE purchased a new stake in AGNC Investment during the second quarter worth approximately $77,501,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AGNC Investment in the second quarter worth $40,182,000. Hedge funds and other institutional investors 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 firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $10.90 on Friday. AGNC Investment Corp. has a 1 year low of $9.62 and a 1 year high of $12.19. The stock’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.69. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.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 business posted ($0.17) earnings per share. As a group, research analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, AGNC Investment has an average rating of “Hold” and an average price target of $11.11.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.