Summit Trail Advisors LLC Has $258,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

Summit Trail Advisors LLC lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 84.1% during the 1st quarter, HoldingsChannel reports. The firm owned 26,610 shares of the real estate investment trust’s stock after acquiring an additional 12,154 shares during the period. Summit Trail Advisors LLC’s holdings in AGNC Investment were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BLB&B Advisors LLC boosted its position in AGNC Investment by 31.2% in the first quarter. BLB&B Advisors LLC now owns 16,805 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 4,000 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of AGNC Investment by 10.3% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 116,288 shares of the real estate investment trust’s stock valued at $1,114,000 after acquiring an additional 10,873 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of AGNC Investment by 10.4% during the 1st quarter. Amalgamated Bank now owns 45,807 shares of the real estate investment trust’s stock valued at $439,000 after acquiring an additional 4,330 shares in the last quarter. KBC Group NV boosted its holdings in shares of AGNC Investment by 10.2% during the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 3,081 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in AGNC Investment by 19.0% during the 1st quarter. Joel Isaacson & Co. LLC now owns 19,666 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 3,134 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on AGNC. Argus reiterated a “hold” rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Jones Trading dropped their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their target price on shares of AGNC Investment from $10.25 to $9.50 and set an “outperform” rating on the stock in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $9.75.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter J. Federico sold 48,333 shares of AGNC Investment stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $8.88, for a total value of $429,197.04. Following the completion of the sale, the chief executive officer directly owned 1,643,088 shares in the company, valued at approximately $14,590,621.44. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the transaction, the director owned 90,345 shares in the company, valued at $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock worth $1,228,039 in the last quarter. 0.42% of the stock is currently owned by company insiders.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.42 on Thursday. The stock has a market capitalization of $9.61 billion, a PE ratio of 23.55 and a beta of 1.28. The business’s 50 day simple moving average is $9.06 and its 200 day simple moving average is $9.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same period in the prior year, the firm posted $0.58 EPS. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a jun 25 dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 15.5%. AGNC Investment’s payout ratio is 360.00%.

AGNC Investment 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).