Harbour Investments Inc. Raises Stock Holdings in AGNC Investment Corp. $AGNC

Harbour Investments Inc. raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,101 shares of the real estate investment trust’s stock after buying an additional 6,807 shares during the quarter. Harbour Investments Inc.’s holdings in AGNC Investment were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGNC. Kingstone Capital Partners Texas LLC lifted its stake in AGNC Investment by 241,567.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after buying an additional 46,368,867 shares during the last quarter. Nuveen LLC acquired a new position in shares of AGNC Investment in the first quarter valued at approximately $30,546,000. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock valued at $821,765,000 after purchasing an additional 2,462,337 shares during the period. Citigroup Inc. increased its holdings in shares of AGNC Investment by 496.7% in the first quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust’s stock valued at $14,247,000 after purchasing an additional 1,862,128 shares during the period. Finally, Natixis Advisors LLC increased 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 purchasing an additional 752,201 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Trading Up 1.1%

Shares of AGNC stock opened at $10.10 on Tuesday. The business’s fifty day moving average price is $9.92 and its 200 day moving average price is $9.38. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63. The firm has a market capitalization of $10.52 billion, a PE ratio of 29.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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 return on equity of 19.32% and a net margin of 11.50%.The business had revenue of $903.00 million for the quarter, compared to analyst estimates of $466.39 million. During the same period in the prior year, the company earned $0.43 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Analysts Set New Price Targets

AGNC has been the topic of a number of recent research reports. UBS Group boosted their target price on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Piper Sandler boosted their target price on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday. Finally, Jones Trading reissued a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.96.

Insiders Place Their Bets

In related news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction 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 transaction, the director owned 112,685 shares of the company’s stock, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction 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 $1,234,990.71. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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).