AGNC Investment Corp. $AGNC Stock Holdings Increased by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 679.4% in the 1st quarter, Holdings Channel reports. The firm owned 604,131 shares of the real estate investment trust’s stock after buying an additional 526,618 shares during the period. AGNC Investment makes up approximately 1.4% of Icon Advisers Inc. Co.’s portfolio, making the stock its 14th largest holding. Icon Advisers Inc. Co.’s holdings in AGNC Investment were worth $6,059,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealthspire Advisors LLC grew its position in AGNC Investment by 0.9% in the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 907 shares during the last quarter. Davidson Trust Co. lifted its position in shares of AGNC Investment by 4.4% during the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock valued at $234,000 after acquiring an additional 985 shares during the last quarter. Lido Advisors LLC lifted its position in shares of AGNC Investment by 10.4% during the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Motiv8 Investments LLC boosted its stake in shares of AGNC Investment by 6.0% during the 4th quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 1,049 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment News Roundup

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: AGNC’s Q2 results beat earnings expectations, with improved year-over-year book value and higher net interest income, which supports the case for continued dividend coverage and portfolio strength.
• Positive Sentiment: Management said Agency MBS supply-demand conditions are improving and highlighted opportunities to add higher-coupon assets, suggesting better spread and return potential despite rate volatility. Article Title
• Positive Sentiment: AGNC marked its 75th consecutive monthly dividend, reinforcing its appeal for income-focused investors looking for a high-yield monthly payer. Article Title
• Neutral Sentiment: Several articles focused on AGNC’s dividend profile and earnings-call highlights, which may keep income investors interested but do not appear to add materially new information beyond the Q2 release.
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target on AGNC to $11 from $12 and kept a “market perform” rating, signaling limited near-term upside. Read More: Read More.
• Negative Sentiment: Despite the earnings beat, the stock was pressured by rising funding costs and prepayment concerns, which can weigh on mortgage REIT profitability and book value performance. Article Title

Insider Activity

In other AGNC Investment news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the transaction, the chief executive officer owned 1,927,083 shares in the company, valued at $21,352,079.64. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 215,234 shares of company stock valued at $2,364,022. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGNC. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group boosted their price objective on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.22.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.72 on Thursday. The firm’s 50 day moving average price is $10.60 and its two-hundred day moving average price is $10.82. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 5.64 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 1.58 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is presently 75.79%.

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.