Kovack Advisors Inc. Has $2.41 Million Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Kovack Advisors Inc. grew its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,934 shares of the real estate investment trust’s stock after acquiring an additional 2,773 shares during the period. Kovack Advisors Inc.’s holdings in AGNC Investment were worth $2,405,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MQS Management LLC bought a new stake in AGNC Investment in the third quarter worth $128,000. Prime Capital Investment Advisors LLC lifted its position in shares of AGNC Investment by 16.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 21,892 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 3,156 shares during the last quarter. Savvy Advisors Inc. boosted its stake in shares of AGNC Investment by 20.8% during the 3rd quarter. Savvy Advisors Inc. now owns 71,310 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 12,275 shares in the last quarter. WealthPLAN Partners LLC acquired a new position in shares of AGNC Investment during the 3rd quarter valued at about $123,000. Finally, GSA Capital Partners LLP raised its stake in shares of AGNC Investment by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 81,877 shares of the real estate investment trust’s stock valued at $856,000 after acquiring an additional 38,695 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AGNC shares. JPMorgan Chase & Co. upped their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Compass Point boosted their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Performance

AGNC Investment stock traded up $0.09 during trading hours on Wednesday, hitting $9.56. The stock had a trading volume of 3,393,203 shares, compared to its average volume of 14,032,810. The company has a market cap of $8.47 billion, a PE ratio of 6.58 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $8.57 and a fifty-two week high of $10.85. The company has a 50-day moving average of $10.13 and a two-hundred day moving average of $9.96. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the business earned $0.65 EPS. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio is presently 100.00%.

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).