Joel Isaacson & Co. LLC Purchases 7,956 Shares of AGNC Investment Corp. $AGNC

Joel Isaacson & Co. LLC lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 40.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,622 shares of the real estate investment trust’s stock after purchasing an additional 7,956 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in AGNC Investment were worth $254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Red Tortoise LLC raised its position in shares of AGNC Investment by 377.4% in the 2nd 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $28,000. Larson Financial Group LLC grew its stake 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 during the period. Trust Co. of Vermont grew its stake 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 during the period. Finally, AlphaQuest LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $34,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGNC. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Jones Trading reaffirmed a “buy” rating and set a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, UBS Group lifted 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. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.63.

Insider Activity

In related news, 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 sale, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the sale, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Stock Up 1.1%

NASDAQ AGNC opened at $9.99 on Wednesday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.63. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $9.83 and its 200-day simple moving average is $9.35. The firm has a market cap of $10.41 billion, a PE ratio of 29.38 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The company had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $447.37 million. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, equities analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a $0.12 dividend. This represents a yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment’s payout ratio is 423.53%.

AGNC Investment 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).