Sigma Planning Corp Has $1.09 Million Stock Holdings in AGNC Investment Corp. $AGNC

Sigma Planning Corp trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 13.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,432 shares of the real estate investment trust’s stock after selling 18,687 shares during the quarter. Sigma Planning Corp’s holdings in AGNC Investment were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGNC. Amalgamated Bank increased its position in AGNC Investment by 10.4% in the 1st quarter. Amalgamated Bank now owns 45,807 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 4,330 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in AGNC Investment in the 1st quarter valued at about $1,240,000. Bank of New York Mellon Corp increased its position in AGNC Investment by 6.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,979,319 shares of the real estate investment trust’s stock valued at $28,542,000 after buying an additional 167,805 shares in the last quarter. Penserra Capital Management LLC increased its position in AGNC Investment by 14.4% in the 1st quarter. Penserra Capital Management LLC now owns 170,862 shares of the real estate investment trust’s stock valued at $1,636,000 after buying an additional 21,563 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in AGNC Investment by 8.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,565,671 shares of the real estate investment trust’s stock valued at $14,999,000 after buying an additional 121,592 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AGNC. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Jones Trading reaffirmed a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Finally, Piper Sandler increased their price objective on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.18.

AGNC Investment Stock Performance

AGNC stock opened at $10.24 on Thursday. The firm has a market cap of $10.67 billion, a PE ratio of 15.28 and a beta of 1.32. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $10.03 and a 200-day moving average of $9.52. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 1,440.0%. AGNC Investment’s dividend payout ratio is currently 214.93%.

Insider Activity

In other news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Profile

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).