Cetera Investment Advisers Purchases 225,034 Shares of AGNC Investment Corp. $AGNC

Cetera Investment Advisers lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 24.1% in the first quarter, HoldingsChannel reports. The fund owned 1,157,316 shares of the real estate investment trust’s stock after buying an additional 225,034 shares during the period. Cetera Investment Advisers’ holdings in AGNC Investment were worth $11,608,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Avion Wealth boosted its holdings in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 2,021 shares during the last quarter. Sound Income Strategies LLC increased its position in AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new stake in AGNC Investment during the 4th quarter worth about $33,000. National Bank of Canada FI lifted its position in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC acquired a new position in AGNC Investment during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Down 1.5%

NASDAQ:AGNC opened at $10.90 on Thursday. AGNC Investment Corp. has a 1-year low of $9.31 and a 1-year high of $12.19. The business’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $10.81. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 5.74 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same quarter last year, the business earned ($0.17) earnings per share. Sell-side analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGNC. Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Wells Fargo & Company cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. UBS Group raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Piper Sandler lifted 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. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.11.

Insiders Place Their Bets

In related news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction that occurred 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 transaction, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by insiders.

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.