Jupiter Topco LLC Takes $5.30 Million Position in AGNC Investment Corp. $AGNC

Jupiter Topco LLC purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, Holdings Channel reports. The fund purchased 486,442 shares of the real estate investment trust’s stock, valued at approximately $5,300,000.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in AGNC Investment during the 2nd quarter worth about $704,076,000. Geode Capital Management LLC increased its holdings in shares of AGNC Investment by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the period. State Street Corp increased its holdings in shares of AGNC Investment by 6.4% in the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank purchased a new stake in shares of AGNC Investment in the fourth quarter worth approximately $141,830,000. Finally, Equity Investment Corp purchased a new stake in shares of AGNC Investment in the second quarter worth approximately $106,123,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AGNC shares. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Piper Sandler lifted their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.11.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.73 on Tuesday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 5.65 and a beta of 1.32. The stock has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.69. AGNC Investment Corp. has a 52-week low of $9.62 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the prior year, the company posted ($0.17) earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s payout ratio is currently 75.79%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.