11,870 Shares in AGNC Investment Corp. $AGNC Purchased by WMG Financial Advisors LLC

WMG Financial Advisors LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,870 shares of the real estate investment trust’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kovack Advisors Inc. raised its position in AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 1,186 shares during the last quarter. CreativeOne Wealth LLC raised its position in AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 1,237 shares during the last quarter. MetLife Investment Management LLC raised its position in AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,256 shares during the last quarter. IFP Advisors Inc raised its position in AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,261 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in AGNC Investment by 9.2% during the 1st quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 1,296 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.00 on Friday. 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 company has a market capitalization of $10.42 billion, a P/E ratio of 29.41 and a beta of 1.32. The stock’s 50 day moving average is $9.85 and its 200 day moving average is $9.36. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to analysts’ expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a dividend yield of 1,417.0%. AGNC Investment’s dividend payout ratio is presently 423.53%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AGNC. UBS Group upped their price target on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday. Piper Sandler increased their target price on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Jones Trading reissued a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

AGNC Investment Company 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).