Apollon Wealth Management LLC Takes $179,000 Position in AGNC Investment Corp. $AGNC

Apollon Wealth Management LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, Holdings Channel reports. The firm purchased 19,520 shares of the real estate investment trust’s stock, valued at approximately $179,000.

A number of other large investors have also recently bought and sold shares of AGNC. Red Tortoise LLC grew its position in AGNC Investment by 377.4% in the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 2,185 shares during the period. N.E.W. Advisory Services LLC bought a new stake in AGNC Investment in the first quarter valued at $28,000. Larson Financial Group LLC grew its position in AGNC Investment by 326.3% in the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 2,519 shares during the period. Trust Co. of Vermont grew its position in AGNC Investment by 1,003.0% in the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 3,300 shares during the period. Finally, AlphaQuest LLC bought a new stake in AGNC Investment in the first quarter valued at $34,000. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Price Performance

Shares of AGNC opened at $9.99 on Monday. 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 1 year low of $7.85 and a 1 year high of $10.63. The stock has a market cap of $10.41 billion, a P/E ratio of 29.38 and a beta of 1.32. The stock’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $9.37.

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

AGNC Investment Announces Dividend

The firm also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 1,417.0%. AGNC Investment’s dividend payout ratio (DPR) is currently 423.53%.

Insider Transactions at AGNC Investment

In related news, 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 value of $195,682.70. Following the sale, the director owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

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

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).