Fortitude Advisory Group L.L.C. Raises Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Fortitude Advisory Group L.L.C. boosted its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 87.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,144 shares of the real estate investment trust's stock after purchasing an additional 45,815 shares during the period. Fortitude Advisory Group L.L.C.'s holdings in AGNC Investment were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AGNC. Vaughan Nelson Investment Management L.P. boosted its stake in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the period. Geode Capital Management LLC increased its position in shares of AGNC Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock valued at $128,730,000 after acquiring an additional 242,640 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of AGNC Investment by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock valued at $86,169,000 after acquiring an additional 189,444 shares during the last quarter. Equity Investment Corp boosted its holdings in shares of AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after purchasing an additional 149,775 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of AGNC Investment by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after purchasing an additional 162,152 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded up $0.08 during midday trading on Tuesday, reaching $9.87. 26,364,396 shares of the stock traded hands, compared to its average volume of 18,720,727. The company's 50 day moving average is $9.51 and its 200 day moving average is $9.90. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $8.74 billion, a PE ratio of 6.85 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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 23.41% and a net margin of 42.19%. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.95 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment's payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of "Moderate Buy" and an average price target of $10.64.

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).