Y Intercept Hong Kong Ltd Has $9.25 Million Holdings in AGNC Investment Corp. $AGNC

Y Intercept Hong Kong Ltd increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 17.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 922,484 shares of the real estate investment trust’s stock after buying an additional 136,073 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AGNC Investment were worth $9,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new stake in AGNC Investment during the fourth quarter valued at $26,000. Sound Income Strategies LLC raised its position in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of AGNC Investment in the 4th quarter worth about $33,000. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC acquired a new position in shares of AGNC Investment in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of several recent analyst reports. UBS Group raised their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

AGNC Investment Price Performance

NASDAQ AGNC opened at $11.00 on Friday. The business has a 50 day moving average price of $10.55 and a 200-day moving average price of $10.79. AGNC Investment Corp. has a 52 week low of $9.11 and a 52 week high of $12.19. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 9.09 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The business had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Tuesday, June 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 119.01%.

Insider Buying and Selling at AGNC Investment

In related news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,234 shares of company stock valued at $2,364,022 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

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.