KG&L Capital Management LLC Has $384,000 Stake in AGNC Investment Corp. (NASDAQ:AGNC)

KG&L Capital Management LLC reduced its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 31.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,065 shares of the real estate investment trust’s stock after selling 18,025 shares during the quarter. KG&L Capital Management LLC’s holdings in AGNC Investment were worth $384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC raised its position in shares of AGNC Investment by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 970 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of AGNC Investment by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 1,075 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in AGNC Investment by 34.8% in the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,229 shares during the period. Advisory Services Network LLC lifted its holdings in AGNC Investment by 2.9% in the fourth quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 1,303 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in AGNC Investment by 10.5% in the fourth quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,359 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Transactions at AGNC Investment

In related news, Director Donna Blank sold 17,218 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director now directly owns 90,345 shares in the company, valued at $783,291.15. The trade was a 16.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president now directly owns 447,841 shares of the company’s stock, valued at approximately $4,044,004.23. The trade was a 3.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is owned by company insiders.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.23 on Thursday. The company has a fifty day moving average price of $8.97 and a 200 day moving average price of $9.44. The firm has a market cap of $9.42 billion, a PE ratio of 23.08 and a beta of 1.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same quarter in the previous year, the business earned $0.58 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be given a $0.12 dividend. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 15.5%. AGNC Investment’s payout ratio is 360.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AGNC shares. JPMorgan Chase & Co. cut their price target on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their target price on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.25 to $9.50 and set an “outperform” rating on the stock in a research report on Tuesday, June 3rd. Argus restated a “hold” rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, Jones Trading cut their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.75.

AGNC Investment 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).