Trivium Point Advisory LLC Invests $12.15 Million in AGNC Investment Corp. $AGNC

Trivium Point Advisory LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,115,176 shares of the real estate investment trust’s stock, valued at approximately $12,155,000. AGNC Investment makes up about 1.1% of Trivium Point Advisory LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth raised its stake in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of AGNC Investment during the second quarter worth about $28,000. National Bank of Canada FI increased its holdings in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares in the last quarter. WealthCollab LLC acquired a new position in shares of AGNC Investment during the third quarter valued at about $33,000. Finally, Financial Life Planners purchased a new position in shares of AGNC Investment in the 1st quarter valued at approximately $37,000. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $10.96 on Monday. AGNC Investment Corp. has a one year low of $9.57 and a one year high of $12.19. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 5.77 and a beta of 1.32. The firm’s fifty day moving average is $10.76 and its two-hundred day moving average is $10.74.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same period last year, the firm earned ($0.17) EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. UBS Group lifted their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. Finally, Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and a consensus target price 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.