AGNC Investment Corp. $AGNC Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,348,893 shares of the real estate investment trust’s stock after buying an additional 103,455 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AGNC Investment were worth $36,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of AGNC Investment in the 2nd quarter valued at $704,076,000. Norges Bank acquired a new stake in AGNC Investment during the fourth quarter valued at $141,830,000. Equity Investment Corp purchased a new position in AGNC Investment in the second quarter valued at $106,123,000. Bank of America Corp DE purchased a new position in AGNC Investment in the second quarter valued at $77,501,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AGNC Investment during the 2nd quarter valued at about $40,182,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.66 on Friday. The stock’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.67. The stock has a market cap of $12.64 billion, a P/E ratio of 5.61 and a beta of 1.32. AGNC Investment Corp. has a 1-year low of $9.63 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.06 billion. During the same quarter last year, the firm earned ($0.17) earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, August 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 Ratings Changes

A number of brokerages have issued reports on AGNC. Piper Sandler increased their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. 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. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Wells Fargo & Company cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and a consensus price target of $11.11.

Insider Activity at AGNC Investment

In other 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 value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate 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.