KLP Kapitalforvaltning AS Acquires 20,600 Shares of AGNC Investment Corp. $AGNC

KLP Kapitalforvaltning AS raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,800 shares of the real estate investment trust’s stock after purchasing an additional 20,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in AGNC Investment were worth $1,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AGNC. Kingstone Capital Partners Texas LLC lifted its position in shares of AGNC Investment by 241,567.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after purchasing an additional 46,368,867 shares during the last quarter. Nuveen LLC bought a new stake in shares of AGNC Investment during the first quarter worth $30,546,000. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 3.0% during the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock worth $821,765,000 after purchasing an additional 2,462,337 shares during the last quarter. Citigroup Inc. lifted its position in shares of AGNC Investment by 496.7% during the first quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust’s stock worth $14,247,000 after purchasing an additional 1,862,128 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of AGNC Investment by 21.1% in the first quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock valued at $41,370,000 after acquiring an additional 752,201 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jones Trading restated a “buy” rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Piper Sandler lifted their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. UBS Group lifted their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.75.

AGNC Investment Price Performance

AGNC opened at $9.93 on Monday. The business’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.35. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $10.34 billion, a PE ratio of 29.21 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The company had revenue of $830.00 million during the quarter, compared to analysts’ expectations of $447.37 million. During the same quarter last year, the firm earned $0.53 EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a $0.12 dividend. This represents a yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s payout ratio is 423.53%.

Insider Activity

In other news, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the transaction, the director owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director owned 112,685 shares of the company’s stock, valued at $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

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).