Intrua Financial LLC Invests $332,000 in AGNC Investment Corp. $AGNC
Intrua Financial LLC invested $332,000 in AGNC Investment Corp., acquiring 36,171 shares. Other institutional investors also increased their positions. AGNC's stock opened at $10.15, with a market cap of $10.89 billion. Analysts predict an EPS of 1.61 for the year. The company announced a monthly dividend of $0.12 per share, with a yield of 14.2%. Analysts have mixed ratings, with some issuing buy and hold recommendations.
Intrua Financial LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 36,171 shares of the real estate investment trust's stock, valued at approximately $332,000.
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Other institutional investors and hedge funds also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of AGNC Investment by 14.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 362,333 shares of the real estate investment trust's stock valued at $3,330,000 after purchasing an additional 45,796 shares during the period. Geode Capital Management LLC boosted its holdings in AGNC Investment by 10.9% during the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust's stock worth $229,990,000 after purchasing an additional 2,461,255 shares during the last quarter. Nwam LLC grew its position in AGNC Investment by 34.8% in the second quarter. Nwam LLC now owns 26,176 shares of the real estate investment trust's stock valued at $251,000 after purchasing an additional 6,764 shares in the last quarter. Montag A & Associates Inc. grew its position in AGNC Investment by 48.9% in the second quarter. Montag A & Associates Inc. now owns 10,914 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Aspen Wealth Strategies LLC lifted its position in AGNC Investment by 32.6% during the 2nd quarter. Aspen Wealth Strategies LLC now owns 27,074 shares of the real estate investment trust's stock worth $249,000 after buying an additional 6,661 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
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AGNC Investment Stock Performance
Shares of NASDAQ AGNC opened at $10.15 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.63. The stock has a 50 day moving average of $10.07 and a 200-day moving average of $9.59. The company has a market capitalization of $10.89 billion, a P/E ratio of 15.15 and a beta of 1.34.
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AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly 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). AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same quarter last year, the company posted $0.43 EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Friday, November 28th. AGNC Investment's dividend payout ratio (DPR) is currently 214.93%.
Wall Street Analyst Weigh In
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AGNC has been the subject of several analyst reports. Jones Trading restated a "buy" rating and issued a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. UBS Group raised their price target on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Piper Sandler upped their price objective on AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AGNC Investment in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.18.
Get Our Latest Research Report on AGNC
Insider Activity at AGNC Investment
In related news, CEO Peter J. Federico sold 45,798 shares of the company's stock in a transaction dated 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 owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company's stock.
AGNC Investment Company Profile
(Free Report)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).
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