PFG Investments LLC Raises Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

PFG Investments LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 58.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,350 shares of the real estate investment trust's stock after buying an additional 77,439 shares during the period. PFG Investments LLC's holdings in AGNC Investment were worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in AGNC Investment in the third quarter valued at $25,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. increased its position in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 1,255 shares in the last quarter. Blue Trust Inc. boosted its holdings in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Finally, Quarry LP grew its stake in AGNC Investment by 75.6% in the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 2,275 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGNC. Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research report on Thursday. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average target price of $10.50.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC traded up $0.01 during midday trading on Friday, reaching $9.97. The company's stock had a trading volume of 26,096,911 shares, compared to its average volume of 19,676,379. 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 $8.83 billion, a P/E ratio of 10.27 and a beta of 1.47. The firm has a 50 day moving average price of $9.52 and a 200-day moving average price of $9.90. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, equities analysts predict that AGNC Investment Corp. will post 1.63 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. Shareholders 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 dividend payout ratio (DPR) is presently 148.46%.

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).