Maridea Wealth Management LLC Purchases New Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Maridea Wealth Management LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,472 shares of the real estate investment trust’s stock, valued at approximately $483,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of AGNC Investment by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock worth $767,348,000 after purchasing an additional 10,316,999 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares in the last quarter. Norges Bank bought a new position in shares of AGNC Investment in the 4th quarter valued at $87,269,000. Allspring Global Investments Holdings LLC raised its holdings in shares of AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after buying an additional 424,990 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AGNC Investment by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock valued at $67,690,000 after buying an additional 581,352 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Insider Activity

In other news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now directly owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

AGNC Investment Stock Down 2.5 %

Shares of NASDAQ:AGNC opened at $9.52 on Friday. The firm has a market cap of $8.72 billion, a P/E ratio of 9.81 and a beta of 1.50. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85. The business has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $9.92. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio (DPR) is currently 148.45%.

AGNC Investment Profile

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).