138,590 Shares in AGNC Investment Corp. $AGNC Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 138,590 shares of the real estate investment trust’s stock, valued at approximately $1,479,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after purchasing an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AGNC Investment by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp boosted its holdings in AGNC Investment by 6.4% in the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Norges Bank acquired a new stake in AGNC Investment during the 4th quarter worth about $141,830,000. Finally, Morgan Stanley grew its position in AGNC Investment by 24.3% during the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock worth $80,310,000 after purchasing an additional 1,462,468 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGNC has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group raised their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company reduced their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and an average target price of $11.11.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

AGNC Investment Stock Performance

AGNC opened at $10.96 on Monday. The company has a fifty day moving average of $10.76 and a two-hundred day moving average of $10.74. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 5.77 and a beta of 1.32. AGNC Investment Corp. has a fifty-two week low of $9.57 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.17) EPS. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.1%. AGNC Investment’s dividend 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.