NewEdge Wealth LLC Decreases Position in AGNC Investment Corp. $AGNC

NewEdge Wealth LLC lowered its position in AGNC Investment Corp. (NASDAQ:AGNC) by 57.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,554 shares of the real estate investment trust’s stock after selling 83,845 shares during the quarter. NewEdge Wealth LLC’s holdings in AGNC Investment were worth $617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in AGNC Investment during the fourth quarter worth about $141,830,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $33,210,000. State Street Corp grew its position in shares of AGNC Investment by 12.9% in the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after purchasing an additional 1,596,244 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of AGNC Investment by 13,508.5% during the 1st quarter. First Trust Advisors LP now owns 1,508,916 shares of the real estate investment trust’s stock worth $15,134,000 after purchasing an additional 1,497,828 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 news, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler boosted their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, UBS Group increased their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average target price of $11.11.

AGNC Investment Trading Up 4.0%

NASDAQ AGNC opened at $11.07 on Wednesday. The business’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.81. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19. The company has a market capitalization of $12.71 billion, a PE ratio of 5.83 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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 18.20%. The business 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 firm posted ($0.17) EPS. Equities analysts predict that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

AGNC Investment 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.