TCG Advisory Services LLC Increases Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

TCG Advisory Services LLC raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 10.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 274,979 shares of the real estate investment trust’s stock after acquiring an additional 26,294 shares during the period. TCG Advisory Services LLC’s holdings in AGNC Investment were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in AGNC Investment in the 4th quarter worth approximately $38,593,000. Clearbridge Investments LLC increased its stake in shares of AGNC Investment by 85.6% in the third quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after purchasing an additional 3,367,112 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of AGNC Investment by 150.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock valued at $50,775,000 after buying an additional 3,109,966 shares in the last quarter. Dupree Financial Group LLC bought a new position in AGNC Investment in the 4th quarter worth $21,370,000. Finally, Artemis Investment Management LLP bought a new position in AGNC Investment in the 4th quarter worth $10,648,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded up $0.10 during mid-day trading on Friday, hitting $9.40. 12,486,834 shares of the company’s stock traded hands, compared to its average volume of 12,360,452. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The company’s 50-day moving average is $9.53 and its two-hundred day moving average is $9.27. The company has a market capitalization of $6.53 billion, a P/E ratio of 10.33 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio is presently 158.24%.

Insiders Place Their Bets

In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AGNC has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Jonestrading reduced their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Barclays raised their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. Finally, Compass Point began coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.79.

About AGNC Investment

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).