NEOS Investment Management LLC Has $851,000 Position in AGNC Investment Corp. $AGNC

NEOS Investment Management LLC boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 103.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 86,968 shares of the real estate investment trust’s stock after purchasing an additional 44,166 shares during the period. NEOS Investment Management LLC’s holdings in AGNC Investment were worth $851,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of AGNC Investment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after purchasing an additional 1,591,465 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AGNC Investment by 10.9% in the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after purchasing an additional 2,461,255 shares in the last quarter. State Street Corp increased its position in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the last quarter. Norges Bank bought a new position in AGNC Investment during the second quarter valued at about $109,814,000. Finally, Equity Investment Corp lifted its position in shares of AGNC Investment by 1.8% in the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after buying an additional 164,386 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the sale, the executive vice president owned 491,728 shares of the company’s stock, valued at $5,969,577.92. This represents a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 775,000 shares of company stock valued at $9,246,000 over the last three months. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Trading Up 1.1%

Shares of AGNC Investment stock opened at $11.45 on Friday. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19. The company’s fifty day simple moving average is $11.26 and its 200-day simple moving average is $10.47. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 8.18 and a beta of 1.37. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $995.00 million for the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 12.6%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Analyst Ratings Changes

AGNC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler upped their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Company Profile

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.