UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 103,455 Shares of AGNC Investment Corp. $AGNC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,348,893 shares of the real estate investment trust’s stock after buying an additional 103,455 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of AGNC Investment worth $36,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of AGNC. BlackRock Inc. bought a new stake in AGNC Investment during the 2nd quarter valued at $704,076,000. Norges Bank bought a new stake in shares of AGNC Investment in the fourth quarter valued at about $141,830,000. Equity Investment Corp bought a new stake in shares of AGNC Investment in the second quarter valued at about $106,123,000. Bank of America Corp DE purchased a new stake in AGNC Investment in the second quarter worth about $77,501,000. Finally, Bank of New York Mellon Corp purchased a new stake in AGNC Investment in the second quarter worth about $40,182,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Friday, July 17th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Piper Sandler raised their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average target price of $11.11.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

AGNC Investment Trading Up 0.4%

NASDAQ:AGNC opened at $10.66 on Friday. AGNC Investment Corp. has a twelve month low of $9.63 and a twelve month high of $12.19. The company has a market cap of $12.64 billion, a PE ratio of 5.61 and a beta of 1.32. The company’s 50 day moving average is $10.89 and its two-hundred day moving average is $10.67.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the previous year, the firm posted ($0.17) earnings per share. As a group, analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. AGNC Investment’s payout ratio is 75.79%.

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.