NewEdge Wealth LLC Cuts Position in AGNC Investment Corp. $AGNC

NewEdge Wealth LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 57.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,554 shares of the real estate investment trust’s stock after selling 83,845 shares during the period. NewEdge Wealth LLC’s holdings in AGNC Investment were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in AGNC Investment during the 4th quarter worth approximately $141,830,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in AGNC Investment during the fourth quarter valued at approximately $33,210,000. State Street Corp lifted its position in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after buying an additional 1,906,785 shares in the last quarter. Geode Capital Management LLC grew its stake in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after buying an additional 1,596,244 shares during the period. Finally, First Trust Advisors LP grew its stake in AGNC Investment by 13,508.5% during the first quarter. First Trust Advisors LP now owns 1,508,916 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 1,497,828 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AGNC shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Piper Sandler upped their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Finally, Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment has an average rating of “Hold” and a consensus target price of $11.11.

AGNC Investment Stock Up 4.0%

AGNC stock opened at $11.07 on Wednesday. AGNC Investment Corp. has a 52-week low of $9.31 and a 52-week high of $12.19. The stock’s 50 day moving average is $10.63 and its two-hundred day moving average is $10.81. The company has a market capitalization of $12.71 billion, a PE ratio of 5.83 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 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same period in the prior year, the business posted ($0.17) EPS. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is currently 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director owned 96,471 shares in the company, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

AGNC Investment Company Profile

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.