Fortitude Advisory Group L.L.C. Has $672,000 Position in AGNC Investment Corp. $AGNC

Fortitude Advisory Group L.L.C. reduced its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 39.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 68,647 shares of the real estate investment trust’s stock after selling 45,344 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in AGNC Investment were worth $672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new stake in shares of AGNC Investment in the third quarter worth $29,000. Bogart Wealth LLC increased its stake in AGNC Investment by 78.0% in the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,600 shares during the last quarter. WFA of San Diego LLC bought a new stake in AGNC Investment during the 2nd quarter worth about $37,000. Huntington National Bank boosted its stake in shares of AGNC Investment by 32.2% during the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,199 shares during the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of AGNC Investment during the 2nd quarter worth about $46,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BTIG Research lowered AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Piper Sandler upped their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Finally, Wells Fargo & Company boosted their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.03.

Insider Buying and Selling

In related news, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares of the company’s stock, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the sale, the executive vice president directly owned 491,728 shares of the company’s stock, valued at $5,969,577.92. This represents a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.42% of the stock is owned by company insiders.

AGNC Investment Price Performance

AGNC Investment stock opened at $11.44 on Friday. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 8.17 and a beta of 1.37. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $12.19. The stock’s 50 day moving average is $11.08 and its 200-day moving average is $10.34.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The firm had revenue of $995.00 million during the quarter, compared to the consensus estimate of $354.75 million. Equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.6%. AGNC Investment’s dividend payout ratio is 102.86%.

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.