WJ Financial Advisors LLC Takes $691,000 Position in AGNC Investment Corp. $AGNC

WJ Financial Advisors LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,579 shares of the real estate investment trust’s stock, valued at approximately $691,000.

Several other large investors have also added to or reduced their stakes in AGNC. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 10.9% in the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after purchasing an additional 2,461,255 shares in the last quarter. State Street Corp boosted its holdings in AGNC Investment by 12.9% in the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the period. Norges Bank purchased a new stake in AGNC Investment in the 2nd quarter worth $109,814,000. Equity Investment Corp raised its holdings in AGNC Investment by 1.8% during the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock valued at $93,542,000 after acquiring an additional 164,386 shares during the period. Finally, Davidson Investment Advisors raised its holdings in AGNC Investment by 12.6% during the third quarter. Davidson Investment Advisors now owns 4,295,811 shares of the real estate investment trust’s stock valued at $42,056,000 after acquiring an additional 482,130 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares in the company, valued at $26,072,073.81. The trade was a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth L. Pollack sold 50,000 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president owned 552,297 shares in the company, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 775,000 shares of company stock valued at $9,246,000. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Wells Fargo & Company increased their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Finally, Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $11.36 on Friday. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 8.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $10.40. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The company had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $354.75 million. Equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Friday, February 27th. AGNC Investment’s dividend payout ratio is presently 102.86%.

About AGNC Investment

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.