Corient Private Wealth LP Takes $1.29 Million Position in AGNC Investment Corp. $AGNC

Corient Private Wealth LP purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 117,933 shares of the real estate investment trust’s stock, valued at approximately $1,286,000.

A number of other large investors have also modified their holdings of AGNC. International Assets Investment Management LLC increased its holdings in AGNC Investment by 43.1% in the fourth quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock valued at $5,216,000 after buying an additional 146,508 shares in the last quarter. BlackRock Inc. acquired a new position in AGNC Investment in the second quarter valued at about $704,076,000. QRG Capital Management Inc. raised its holdings in shares of AGNC Investment by 921.8% in the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after buying an additional 514,804 shares during the period. Y Intercept Hong Kong Ltd boosted its position in AGNC Investment by 187.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after buying an additional 512,574 shares during the period. Finally, GoalVest Advisory LLC raised its holdings in AGNC Investment by 3,855.5% in the second quarter. GoalVest Advisory LLC now owns 96,949 shares of the real estate investment trust’s stock valued at $1,057,000 after acquiring an additional 94,498 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

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

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $10.65 on Friday. The firm’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $10.67. AGNC Investment Corp. has a 1 year low of $9.63 and a 1 year high of $12.19. The firm has a market cap of $12.63 billion, a PE ratio of 5.61 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. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same period in the previous year, the business earned ($0.17) EPS. On average, equities 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 announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is 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.