Bogart Wealth LLC Acquires 1,600 Shares of AGNC Investment Corp. $AGNC

Bogart Wealth LLC lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 78.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,650 shares of the real estate investment trust’s stock after acquiring an additional 1,600 shares during the period. Bogart Wealth LLC’s holdings in AGNC Investment were worth $34,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AGNC. Red Tortoise LLC boosted its holdings in AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 2,185 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at $28,000. Larson Financial Group LLC increased its position in shares of AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,519 shares in the last quarter. Trust Co. of Vermont increased its position in shares of AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 3,300 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in AGNC Investment during the 1st quarter valued at about $34,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.05 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63. The firm’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $9.38. The stock has a market cap of $10.47 billion, a PE ratio of 15.00 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $466.39 million. During the same period in the previous year, the company posted $0.43 EPS. As a group, analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AGNC shares. Piper Sandler boosted their target price on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Jones Trading reissued a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday. UBS Group boosted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.04.

Insiders Place Their Bets

In related news, Director Paul E. Mullings sold 11,000 shares of the firm’s stock in a transaction 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 owned 128,511 shares of the company’s stock, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were 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. The trade was a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

About AGNC Investment

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).