AGNC Investment Corp. $AGNC Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 12.0% in the second quarter, Holdings Channel reports. The firm owned 191,800 shares of the real estate investment trust’s stock after purchasing an additional 20,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in AGNC Investment were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kovack Advisors Inc. boosted its position in AGNC Investment by 0.5% in the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 1,186 shares during the last quarter. CreativeOne Wealth LLC boosted its position in AGNC Investment by 9.7% in the first quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 1,237 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in AGNC Investment by 8.8% in the first quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,256 shares during the period. IFP Advisors Inc lifted its holdings in AGNC Investment by 24.2% in the first quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 1,261 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in AGNC Investment by 9.2% in the first quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,296 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AGNC Investment

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

AGNC Investment Trading Down 0.7%

Shares of AGNC stock opened at $9.93 on Monday. 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 company has a market cap of $10.34 billion, a price-to-earnings ratio of 29.21 and a beta of 1.32. The stock has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $9.35. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same period in the previous year, the company earned $0.53 earnings per share. On average, equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.12 per share. This represents a dividend yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment’s dividend payout ratio is presently 423.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. UBS Group boosted their price target on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading reissued a “buy” rating and issued a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, Piper Sandler boosted their price target on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

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).