Madison Wealth Partners Inc Invests $630,000 in AGNC Investment Corp. $AGNC

Madison Wealth Partners Inc purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 57,782 shares of the real estate investment trust’s stock, valued at approximately $630,000.

A number of other hedge funds have also recently modified their holdings of AGNC. BlackRock Inc. bought a new position in AGNC Investment in the 2nd quarter worth $704,076,000. Norges Bank purchased a new position in AGNC Investment during the fourth quarter valued at $141,830,000. Equity Investment Corp bought a new stake in AGNC Investment during the second quarter valued at about $106,123,000. Bank of New York Mellon Corp purchased a new stake in AGNC Investment in the second quarter worth about $40,182,000. Finally, Advisors Capital Management LLC purchased a new stake in AGNC Investment in the second quarter worth about $35,421,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.3%

NASDAQ:AGNC opened at $10.89 on Friday. The business’s 50-day simple moving average is $10.83 and its two-hundred day simple moving average is $10.71. AGNC Investment Corp. has a 52 week low of $9.62 and a 52 week high of $12.19. The stock has a market cap of $12.91 billion, a PE ratio of 5.73 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGNC shares. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Piper Sandler increased their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. 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, July 23rd. Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.11.

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.