Edgestream Partners L.P. Has $3.94 Million Stock Holdings in AGNC Investment Corp. $AGNC

Edgestream Partners L.P. boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 58.3% in the first quarter, Holdings Channel reports. The firm owned 392,817 shares of the real estate investment trust’s stock after purchasing an additional 144,685 shares during the quarter. Edgestream Partners L.P.’s holdings in AGNC Investment were worth $3,940,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of AGNC Investment by 4.7% in the 1st quarter. Janus Henderson Group PLC now owns 486,442 shares of the real estate investment trust’s stock valued at $4,879,000 after purchasing an additional 21,800 shares during the period. Amundi lifted its position in shares of AGNC Investment by 194.9% during the 1st quarter. Amundi now owns 197,626 shares of the real estate investment trust’s stock worth $1,982,000 after buying an additional 130,617 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of AGNC Investment by 18.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,273 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 2,576 shares during the period. Talon Private Wealth LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $115,000. Finally, California State Teachers Retirement System grew its position in AGNC Investment by 21.8% in the first quarter. California State Teachers Retirement System now owns 1,209,012 shares of the real estate investment trust’s stock valued at $12,126,000 after acquiring an additional 216,147 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was 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 in the company, valued at $1,039,957.38. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

NASDAQ AGNC opened at $10.66 on Friday. The firm has a market cap of $12.24 billion, a PE ratio of 5.61 and a beta of 1.31. AGNC Investment Corp. has a one year low of $9.31 and a one year high of $12.19. The stock’s 50 day simple moving average is $10.67 and its 200 day simple moving average is $10.81.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.The firm had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.17) EPS. As a group, equities analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGNC. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a report on Friday, July 17th. UBS Group boosted their target price 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. Keefe, Bruyette & Woods lowered their target price 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. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and a consensus price target of $11.11.

About AGNC Investment

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.