TCG Advisory Services LLC Grows Position in AGNC Investment Corp. (NASDAQ:AGNC)

TCG Advisory Services LLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,979 shares of the real estate investment trust’s stock after acquiring an additional 26,294 shares during the period. TCG Advisory Services LLC’s holdings in AGNC Investment were worth $2,698,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AGNC Investment in the fourth quarter worth about $38,593,000. Citigroup Inc. raised its stake in shares of AGNC Investment by 103.2% during the third quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 94,332 shares during the period. Van ECK Associates Corp lifted its position in shares of AGNC Investment by 4.7% during the third quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust’s stock worth $16,539,000 after purchasing an additional 78,253 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of AGNC Investment by 48.0% in the third quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after purchasing an additional 146,406 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in AGNC Investment during the 3rd quarter valued at $3,655,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC traded up $0.10 during midday trading on Friday, hitting $9.40. The company’s stock had a trading volume of 12,486,834 shares, compared to its average volume of 12,360,452. The firm has a market cap of $6.53 billion, a P/E ratio of 10.33 and a beta of 1.45. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.64. The firm’s fifty day moving average price is $9.53 and its 200-day moving average price is $9.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same period in the prior year, the company earned $0.70 earnings per share. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be paid a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s payout ratio is 158.24%.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the sale, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Barclays lifted their price objective on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Jonestrading decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Compass Point assumed coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $9.79.

About AGNC Investment

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).