AGNC Investment Corp. (NASDAQ:AGNC) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 975,914 shares of the real estate investment trust’s stock after buying an additional 48,397 shares during the quarter. AGNC Investment comprises 1.1% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 13th largest position. Pekin Hardy Strauss Inc. owned about 0.11% of AGNC Investment worth $8,988,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment in the third quarter valued at about $32,000. 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 valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. Spire Wealth Management boosted its holdings in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in AGNC Investment by 105.7% in the third quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,445 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

AGNC Investment Stock Up 0.1 %

Shares of AGNC Investment stock opened at $10.54 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $9.72 and its 200-day simple moving average is $9.91. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 10.87 and a beta of 1.48. AGNC Investment Corp. has a twelve month low of $8.92 and a twelve month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be given 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 is currently 148.46%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. 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 research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.50.

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).