Summit Securities Group LLC Reduces Stock Holdings in AGNC Investment Corp. $AGNC

Summit Securities Group LLC trimmed its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 40.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,600 shares of the real estate investment trust’s stock after selling 48,400 shares during the period. Summit Securities Group LLC’s holdings in AGNC Investment were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC grew its stake in shares of AGNC Investment by 66.2% during the 1st quarter. Kestra Advisory Services LLC now owns 299,678 shares of the real estate investment trust’s stock worth $3,006,000 after acquiring an additional 119,363 shares during the period. Resonant Capital Advisors LLC bought a new stake in AGNC Investment in the 1st quarter valued at about $106,000. Astoria Portfolio Advisors LLC. raised its stake in AGNC Investment by 9.7% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 155,571 shares of the real estate investment trust’s stock valued at $1,727,000 after acquiring an additional 13,722 shares during the period. Praxis Investment Management Inc. lifted its holdings in AGNC Investment by 17.2% during the first quarter. Praxis Investment Management Inc. now owns 39,508 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 5,808 shares during the last quarter. Finally, Beacon Financial Advisory LLC purchased a new stake in AGNC Investment during the first quarter valued at about $106,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 215,234 shares of company stock worth $2,364,022 over the last ninety days. 0.40% of the stock is currently owned by insiders.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $11.06 on Friday. AGNC Investment Corp. has a 52-week low of $9.11 and a 52-week high of $12.19. The business’s fifty day moving average is $10.55 and its 200 day moving average is $10.81. The company has a market capitalization of $12.70 billion, a PE ratio of 9.14 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 119.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AGNC shares. JPMorgan Chase & Co. reduced their target price 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. Piper Sandler lifted their price objective 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. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. UBS Group increased their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.25.

AGNC Investment Profile

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.