Frank Rimerman Advisors LLC Buys 77,971 Shares of AGNC Investment Corp. $AGNC

Frank Rimerman Advisors LLC lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 123.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 141,178 shares of the real estate investment trust’s stock after purchasing an additional 77,971 shares during the period. Frank Rimerman Advisors LLC’s holdings in AGNC Investment were worth $1,513,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in AGNC Investment by 51.9% during the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 21,897 shares in the last quarter. NewEdge Advisors LLC lifted its stake in AGNC Investment by 38.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 6,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in AGNC Investment by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Rhumbline Advisers boosted its holdings in AGNC Investment by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 853,061 shares of the real estate investment trust’s stock valued at $7,840,000 after purchasing an additional 75,797 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in AGNC Investment by 36.0% in the 2nd quarter. Prudential Financial Inc. now owns 72,009 shares of the real estate investment trust’s stock valued at $680,000 after purchasing an additional 19,076 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This trade represents a 4.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth L. Pollack sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 775,000 shares of company stock valued at $9,246,000 over the last 90 days. Insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.02 on Thursday. The company’s fifty day moving average price is $10.96 and its 200-day moving average price is $10.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 7.16 and a beta of 1.38. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 14.4%. AGNC Investment’s payout ratio is 102.86%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JonesTrading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Wells Fargo & Company boosted their target price on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Piper Sandler upped their target price on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.03.

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.