WealthPLAN Partners LLC Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

WealthPLAN Partners LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,785 shares of the real estate investment trust’s stock, valued at approximately $123,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in AGNC Investment by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 154,175 shares of the real estate investment trust’s stock valued at $1,526,000 after buying an additional 18,289 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in AGNC Investment by 89.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 92,597 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 43,733 shares during the last quarter. Swiss National Bank lifted its stake in AGNC Investment by 11.0% in the first quarter. Swiss National Bank now owns 1,325,200 shares of the real estate investment trust’s stock valued at $13,119,000 after buying an additional 130,800 shares during the period. Atomi Financial Group Inc. boosted its holdings in AGNC Investment by 17.0% during the first quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 3,663 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of AGNC Investment by 26.3% in the 1st quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock valued at $620,000 after acquiring an additional 13,041 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.47 on Wednesday. AGNC Investment Corp. has a fifty-two week low of $8.25 and a fifty-two week high of $10.85. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.27. The business has a 50-day moving average of $10.13 and a 200-day moving average of $9.96.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the company posted $0.65 EPS. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

AGNC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).