Pekin Hardy Strauss Inc. Has $8.99 Million Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Pekin Hardy Strauss Inc. raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 975,914 shares of the real estate investment trust's stock after buying an additional 48,397 shares during the period. AGNC Investment accounts for about 1.1% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 13th largest holding. Pekin Hardy Strauss Inc. owned about 0.11% of AGNC Investment worth $8,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGNC. Creative Planning raised its stake in shares of AGNC Investment by 11.7% during the 3rd quarter. Creative Planning now owns 189,905 shares of the real estate investment trust's stock worth $1,984,000 after purchasing an additional 19,965 shares in the last quarter. Blue Trust Inc. increased its holdings in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after buying an additional 2,966 shares during the last quarter. Raymond James & Associates raised its position in AGNC Investment by 3.3% during the third quarter. Raymond James & Associates now owns 1,222,595 shares of the real estate investment trust's stock worth $12,788,000 after acquiring an additional 38,690 shares in the last quarter. Signaturefd LLC lifted its stake in AGNC Investment by 38.4% in the third quarter. Signaturefd LLC now owns 11,562 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 3,207 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of AGNC Investment by 14.0% in the 3rd quarter. Private Advisor Group LLC now owns 183,835 shares of the real estate investment trust's stock valued at $1,923,000 after acquiring an additional 22,591 shares during the period. 38.28% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC traded down $0.02 during trading hours on Wednesday, reaching $10.51. 29,575,088 shares of the stock were exchanged, compared to its average volume of 20,090,381. The stock's fifty day simple moving average is $9.76 and its 200 day simple moving average is $9.91. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 10.83 and a beta of 1.48. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Sell-side analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment's dividend payout ratio (DPR) is 148.45%.

Insider Buying and Selling at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company's stock, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.43% of the company's stock.

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).