NewEdge Wealth LLC Acquires New Position in AGNC Investment Corp. $AGNC

NewEdge Wealth LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,584 shares of the real estate investment trust’s stock, valued at approximately $715,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGNC. Danske Bank A S acquired a new position in AGNC Investment during the second quarter worth $26,000. Diversify Advisory Services LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at about $934,000. Wealthfront Advisers LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $325,000. Equity Investment Corp purchased a new position in AGNC Investment during the 2nd quarter worth approximately $106,123,000. Finally, Meeder Advisory Services Inc. purchased a new position in shares of AGNC Investment during the second quarter worth approximately $270,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Down 0.3%

Shares of NASDAQ AGNC opened at $10.89 on Friday. AGNC Investment Corp. has a 52 week low of $9.62 and a 52 week high of $12.19. The firm has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.71. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 5.73 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share 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 company 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 business posted ($0.17) earnings per share. Equities research analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment’s payout ratio is 75.79%.

Analysts Set New Price Targets

Several analysts have commented on AGNC shares. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.11.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

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.