Selective Wealth Management Inc. Takes $176,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

Selective Wealth Management Inc. purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,345 shares of the real estate investment trust’s stock, valued at approximately $176,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fourth Dimension Wealth LLC acquired a new stake in shares of AGNC Investment during the 4th quarter valued at approximately $26,000. National Bank of Canada FI increased its stake in AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,832 shares in the last quarter. Spire Wealth Management raised its holdings in AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,972 shares during the last quarter. CoreCap Advisors LLC boosted its position in AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its holdings in AGNC Investment by 150.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the transaction, the director now directly owns 90,345 shares of the company’s stock, valued at $783,291.15. This trade represents a 16.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the sale, the chief executive officer now directly owns 1,691,421 shares of the company’s stock, valued at $14,715,362.70. The trade was a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,384 shares of company stock valued at $1,228,039 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

AGNC has been the topic of a number of research reports. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Jones Trading cut their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Argus restated a “hold” rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada lowered their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.75.

AGNC Investment Stock Up 0.9%

Shares of NASDAQ AGNC opened at $9.12 on Monday. The stock has a fifty day moving average price of $8.82 and a 200 day moving average price of $9.48. The company has a market cap of $9.31 billion, a P/E ratio of 9.40 and a beta of 1.29. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period in the previous year, the company posted $0.58 earnings per share. Research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 16.2%. AGNC Investment’s dividend payout ratio is presently 360.00%.

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).