NewEdge Wealth LLC Acquires Shares of 145,700 AGNC Investment Corp. $AGNC

NewEdge Wealth LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 145,700 shares of the real estate investment trust’s stock, valued at approximately $1,492,000.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of AGNC Investment by 51.9% during the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 21,897 shares during the period. NewEdge Advisors LLC boosted its holdings in AGNC Investment by 38.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AGNC Investment by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after purchasing an additional 387,524 shares in the last quarter. CWM LLC increased its position in AGNC Investment by 66.9% during the 2nd quarter. CWM LLC now owns 59,391 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 23,802 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in AGNC Investment by 101.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 37,991 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 19,129 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 50,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the transaction, the executive vice president directly owned 552,297 shares in the company, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director directly owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. The trade was a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 775,000 shares of company stock valued at $9,246,000 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGNC. Royal Bank Of Canada lifted their price target on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Barclays raised their target price on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. JonesTrading lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company raised their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Stock Up 1.1%

AGNC Investment stock opened at $11.45 on Friday. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $12.19. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 8.18 and a beta of 1.37. The stock’s fifty day moving average is $11.26 and its two-hundred day moving average is $10.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31.

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 (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%.The firm had revenue of $995.00 million for the quarter, compared to analyst estimates of $354.75 million. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 12.6%. AGNC Investment’s 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.