TT Capital Management LLC Purchases Shares of 137,881 AGNC Investment Corp. $AGNC

TT Capital Management LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 137,881 shares of the real estate investment trust’s stock, valued at approximately $1,236,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Cozad Asset Management Inc. grew its stake in AGNC Investment by 59.0% in the second quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock worth $1,668,000 after purchasing an additional 67,355 shares during the period. Bogart Wealth LLC grew its position in shares of AGNC Investment by 78.0% in the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,600 shares during the period. Global Retirement Partners LLC bought a new position in shares of AGNC Investment in the 2nd quarter worth about $325,000. Delphi Financial Group Inc. purchased a new position in AGNC Investment during the 2nd quarter valued at about $574,000. Finally, Quantbot Technologies LP purchased a new stake in AGNC Investment in the second quarter worth about $6,170,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Up 0.2%

Shares of AGNC Investment stock opened at $10.32 on Friday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.67. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $10.21 and its 200 day moving average is $9.79. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 15.40 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Wednesday, December 31st. AGNC Investment’s dividend payout ratio is 214.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGNC. JPMorgan Chase & Co. boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Piper Sandler lifted their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 8th. Jones Trading reiterated a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research note on Tuesday, October 21st. Finally, UBS Group increased their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $10.18.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

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).