Cooper Financial Group Purchases 35,401 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Cooper Financial Group grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 67.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,522 shares of the real estate investment trust’s stock after acquiring an additional 35,401 shares during the period. Cooper Financial Group’s holdings in AGNC Investment were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of AGNC Investment by 11.9% in the 1st quarter. International Assets Investment Management LLC now owns 91,091 shares of the real estate investment trust’s stock valued at $893,000 after acquiring an additional 9,678 shares during the period. BTC Capital Management Inc. bought a new position in shares of AGNC Investment in the 1st quarter valued at about $119,000. Alaska Permanent Fund Corp grew its position in shares of AGNC Investment by 6.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 259,472 shares of the real estate investment trust’s stock valued at $2,569,000 after acquiring an additional 16,837 shares during the period. Confluence Investment Management LLC bought a new position in shares of AGNC Investment in the 1st quarter valued at about $1,059,000. Finally, Quadrature Capital Ltd bought a new position in shares of AGNC Investment in the 4th quarter valued at about $1,670,000. Institutional investors own 38.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGNC. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Janney Montgomery Scott began coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.78 on Monday. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $9.55 and a two-hundred day simple moving average of $9.62. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.73 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same quarter in the previous year, the company earned $0.70 EPS. Analysts forecast that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be given a $0.12 dividend. This represents a dividend yield of 14.8%. The ex-dividend date is Thursday, June 27th. AGNC Investment’s payout ratio is presently 158.24%.

Insider Activity

In other news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now directly owns 75,545 shares in the company, valued at $706,345.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,900 shares of company stock worth $149,030. 0.52% of the stock is currently owned by corporate insiders.

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).