Dupree Financial Group LLC Reduces Holdings in AGNC Investment Corp. $AGNC

Dupree Financial Group LLC reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,393,804 shares of the real estate investment trust’s stock after selling 76,969 shares during the period. AGNC Investment accounts for approximately 5.6% of Dupree Financial Group LLC’s holdings, making the stock its 3rd biggest position. Dupree Financial Group LLC owned approximately 0.12% of AGNC Investment worth $13,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the period. Geode Capital Management LLC lifted its position in AGNC Investment by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after purchasing an additional 1,596,244 shares during the period. State Street Corp lifted its position in AGNC Investment by 6.4% in the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank bought a new position in AGNC Investment during the 4th quarter valued at $141,830,000. Finally, Morgan Stanley boosted its stake in AGNC Investment by 24.3% during the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after purchasing an additional 1,462,468 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the sale, the chief executive officer owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 215,234 shares of company stock valued at $2,364,022. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Piper Sandler restated an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.06.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.90 on Monday. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 9.01 and a beta of 1.32. AGNC Investment Corp. has a 1 year low of $9.08 and a 1 year high of $12.19. The firm’s 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.77.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of ($114.00) million during the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. As a group, equities analysts predict that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. AGNC Investment’s dividend payout ratio is currently 119.01%.

AGNC Investment Company 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.