AGNC Investment Corp. (NASDAQ:AGNC) Shares Bought by Strategic Financial Concepts LLC

VaselineSeptember 11, 2024

0 4 minutes read

Strategic Financial Concepts LLC increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 934.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 644,716 shares of the real estate investment trust’s stock after buying an additional 582,411 shares during the quarter. Strategic Financial Concepts LLC owned 0.09% of AGNC Investment worth $65,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after buying an additional 2,368,658 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in AGNC Investment by 0.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after which bought an additional 32,813 shares in the last quarter. Clearbridge Investments LLC raised its stake in AGNC Investment by 1.1% during the 4th quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock worth $72,404,000 after buying another 79,316 shares in the last quarter. Norges Bank purchased a new stake in AGNC Investment in the fourth quarter valued at about $69,215,000. Finally, Equity Investment Corp raised its stake in AGNC Investment by 16.2% in the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock worth $68,019,000 after buying an additional 957,139 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s shares.

Analysts set new price targets

Several equities research analysts have commented on the company. Royal Bank of Canada upped their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Sunday. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Janney Montgomery Scott started coverage on AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.13.

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AGNC investment stock up 0.5%

NASDAQ:AGNC opened at $10.26 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27, and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $10.10 and the two hundred day moving average is $9.78. AGNC Investment Corp. it has a 52-week low of $6.81 and a 52-week high of $10.57. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 11.27 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC – Get Your Free Report ) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. In the same quarter last year, the company earned $0.67 per share. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. Research analysts anticipate that AGNC Investment Corp. it will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a dividend on Aug 24th, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be given a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date is Friday, August 30. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Indoor activity

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. Insiders own 0.52% of the company’s shares.

About AGNC Investment

(Free Report)

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in leveraged residential mortgage-backed securities. Its investments consist of residential mortgage transfer securities and guaranteed mortgage obligations (CMOs) for which principal and interest payments are guaranteed by a government-sponsored enterprise such as the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage. Corporation (Freddie Mac) or by a United States government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively, the GSE).