AGNC Investment Corp. $AGNC Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 132.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,763 shares of the real estate investment trust’s stock after purchasing an additional 72,831 shares during the quarter. NewEdge Advisors LLC’s holdings in AGNC Investment were worth $1,281,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Avion Wealth grew its position in AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares during the period. National Bank of Canada FI raised its position in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares during the period. WealthCollab LLC acquired a new position in shares of AGNC Investment in the third quarter worth about $33,000. Financial Life Planners purchased a new stake in shares of AGNC Investment during the 1st quarter worth about $37,000. Finally, WFA of San Diego LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth about $37,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

AGNC stock opened at $10.96 on Monday. AGNC Investment Corp. has a 52 week low of $9.57 and a 52 week high of $12.19. The firm has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $10.74. The stock has a market capitalization of $12.99 billion, a P/E ratio of 5.77 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued 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 net margin of 57.94% and a return on equity of 17.96%. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted ($0.17) EPS. On average, analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler lifted their price target on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Weiss Ratings raised AGNC Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. UBS Group raised their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods cut their price objective on 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. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.11.

Insider Activity

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

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.