SCS Capital Management LLC Buys New Stake in AGNC Investment Corp. $AGNC

SCS Capital Management LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,855 shares of the real estate investment trust’s stock, valued at approximately $794,000.

A number of other hedge funds also recently bought and sold shares of AGNC. Bank of New York Mellon Corp purchased a new position in shares of AGNC Investment in the 2nd quarter worth $40,182,000. GSA Capital Partners LLP purchased a new stake in shares of AGNC Investment during the 2nd quarter valued at about $847,000. Maridea Wealth Management LLC bought a new position in shares of AGNC Investment in the 2nd quarter valued at about $440,000. Handelsbanken Fonder AB lifted its holdings in shares of AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after acquiring an additional 900 shares during the last quarter. Finally, Spinnaker Investment Group LLC grew its position in AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after acquiring an additional 1,014 shares in 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 opened at $10.96 on Monday. AGNC Investment Corp. has a 1 year low of $9.57 and a 1 year high of $12.19. The firm has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $10.74. The company has a market cap of $12.99 billion, a P/E ratio of 5.77 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AGNC shares. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.11.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

About AGNC Investment

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.