Stableford Capital II LLC Purchases 42,924 Shares of AGNC Investment Corp. $AGNC

Stableford Capital II LLC boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 61.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,877 shares of the real estate investment trust’s stock after purchasing an additional 42,924 shares during the quarter. Stableford Capital II LLC’s holdings in AGNC Investment were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGNC. Kovack Advisors Inc. grew its holdings in shares of AGNC Investment by 0.5% during the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock worth $2,130,000 after buying an additional 1,186 shares in the last quarter. CreativeOne Wealth LLC boosted its position in AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 1,237 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,256 shares in the last quarter. IFP Advisors Inc grew its stake in shares of AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,261 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 1,296 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Jones Trading restated a “buy” rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. UBS Group lifted their target price on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods raised their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Six 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.75.

AGNC Investment Stock Up 0.1%

Shares of AGNC stock opened at $10.02 on Thursday. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 29.47 and a beta of 1.32. The firm’s 50-day moving average is $9.89 and its 200-day moving average is $9.36. 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 (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 analysts’ consensus estimates of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter in the previous year, the business posted $0.53 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

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

Insiders Place Their Bets

In other news, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director directly owned 128,511 shares of the company’s stock, valued at $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director 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 disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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).