Pekin Hardy Strauss Inc. Acquires 111,737 Shares of AGNC Investment Corp. $AGNC
by Jessica Moore · The Cerbat GemPekin Hardy Strauss Inc. raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 10.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,141,860 shares of the real estate investment trust’s stock after acquiring an additional 111,737 shares during the period. AGNC Investment comprises approximately 1.2% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 14th biggest position. Pekin Hardy Strauss Inc.’s holdings in AGNC Investment were worth $10,494,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AGNC. Brighton Jones LLC increased its holdings in AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,064 shares during the period. Kovack Advisors Inc. grew its position in shares of AGNC Investment by 0.5% in the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 1,186 shares during the last quarter. Huntington National Bank increased its stake in shares of AGNC Investment by 32.2% in the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,199 shares during the period. CreativeOne Wealth LLC increased its stake in shares of AGNC Investment by 9.7% in the first quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 1,237 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of AGNC Investment by 8.8% during the first quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.
AGNC Investment Stock Performance
Shares of AGNC opened at $10.21 on Friday. The stock has a 50-day moving average of $10.04 and a 200-day moving average of $9.52. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $10.95 billion, a PE ratio of 15.24 and a beta of 1.34.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, October 31st. This represents a yield of 1,440.0%. AGNC Investment’s dividend payout ratio is presently 214.93%.
Insiders Place Their Bets
In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.
Wall Street Analyst Weigh In
AGNC has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Jones Trading reaffirmed a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. UBS Group boosted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods increased their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.18.
Read Our Latest Analysis on AGNC
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).
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