SCS Capital Management LLC Acquires Shares of 72,855 AGNC Investment Corp. $AGNC

SCS Capital Management LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 72,855 shares of the real estate investment trust’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $40,182,000. GSA Capital Partners LLP bought a new position in AGNC Investment in the second quarter worth approximately $847,000. Maridea Wealth Management LLC bought a new position in AGNC Investment in the second quarter worth approximately $440,000. Handelsbanken Fonder AB increased its holdings in AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after purchasing an additional 900 shares during the period. Finally, Spinnaker Investment Group LLC increased its holdings in AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after purchasing an additional 1,014 shares during the period. Institutional investors own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president directly 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 is available through this link. Insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.96 on Monday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 5.77 and a beta of 1.32. The company’s 50 day moving average is $10.76 and its 200 day moving average is $10.74. AGNC Investment Corp. has a 52-week low of $9.57 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued 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 company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a $0.12 dividend. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGNC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research note on Friday, April 24th. Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.11.

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.