Parisi Gray Wealth Management Boosts Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Parisi Gray Wealth Management lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 33.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,000 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the quarter. Parisi Gray Wealth Management’s holdings in AGNC Investment were worth $392,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC purchased a new stake in AGNC Investment during the second quarter worth $29,000. Worth Asset Management LLC acquired a new position in AGNC Investment in the first quarter valued at $35,000. Bruce G. Allen Investments LLC acquired a new position in AGNC Investment in the fourth quarter valued at $37,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in AGNC Investment by 128.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,015 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Performance

AGNC stock traded up $0.03 during trading on Thursday, reaching $9.82. 1,777,340 shares of the stock were exchanged, compared to its average volume of 11,897,150. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a market capitalization of $6.83 billion, a P/E ratio of 979.98 and a beta of 1.45. The stock has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $9.28. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.16 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a mar 24 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be given a dividend of $0.12 per share. This represents a dividend yield of 14.8%. The ex-dividend date is Wednesday, March 27th. AGNC Investment’s payout ratio is 14,414.41%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AGNC shares. Royal Bank of Canada dropped their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Jonestrading began coverage on AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 price target for the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $8.50 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 13th. Finally, Compass Point assumed coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.06.

Insider Activity

In related news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the transaction, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

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).