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

Pekin Hardy Strauss Inc. grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 975,914 shares of the real estate investment trust’s stock after purchasing an additional 48,397 shares during the period. AGNC Investment comprises 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 13th largest position. Pekin Hardy Strauss Inc.’s holdings in AGNC Investment were worth $8,988,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AGNC. Financial Life Planners bought a new stake in shares of AGNC Investment during the 4th quarter worth $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the 3rd quarter worth $32,000. Blue Trust Inc. boosted its stake in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Spire Wealth Management boosted its stake in shares of AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 515,148 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

AGNC Investment Price Performance

AGNC opened at $10.54 on Friday. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 10.87 and a beta of 1.48. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. 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 stock has a fifty day moving average price of $9.72 and a 200 day moving average price of $9.91.

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

AGNC Investment Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment’s payout ratio is 148.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AGNC shares. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Argus raised AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.50.

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).