Ruffer LLP Takes $499,000 Position in AGNC Investment Corp. $AGNC

Ruffer LLP acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 46,517 shares of the real estate investment trust’s stock, valued at approximately $499,000.

A number of other hedge funds also recently made changes to their positions in AGNC. GoalVest Advisory LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $29,000. Sound Income Strategies LLC lifted its position in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares during the last quarter. WealthCollab LLC acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $33,000. Finally, National Bank of Canada FI lifted its position in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,690 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AGNC Investment news, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the transaction, the director owned 2,189,091 shares in the company, valued at $26,072,073.81. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the transaction, the executive vice president owned 491,728 shares in the company, valued at approximately $5,969,577.92. This trade represents a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 775,000 shares of company stock worth $9,246,000 in the last 90 days. Company insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.91 on Thursday. The firm has a market cap of $12.25 billion, a P/E ratio of 9.02 and a beta of 1.38. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1-year low of $8.52 and a 1-year high of $12.19. The business’s 50 day moving average is $10.63 and its 200-day moving average is $10.67.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $411.57 million. AGNC Investment had a return on equity of 18.63% and a net margin of 39.50%. Equities research analysts predict that AGNC Investment Corp. will post 1.48 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 11th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Thursday, April 30th. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Barclays increased their target price on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.03.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.