Diversify Wealth Management LLC Takes $896,000 Position in AGNC Investment Corp. $AGNC

Diversify Wealth Management LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 81,677 shares of the real estate investment trust’s stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AGNC. Wealthspire Advisors LLC increased its position in AGNC Investment by 0.9% during the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after buying an additional 907 shares in the last quarter. Davidson Trust Co. boosted its holdings in AGNC Investment by 4.4% in the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 985 shares in the last quarter. Lido Advisors LLC boosted its holdings in AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 1,046 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Motiv8 Investments LLC grew its stake in shares of AGNC Investment by 6.0% in the fourth quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $11.43 on Friday. AGNC Investment Corp. has a fifty-two week low of $9.11 and a fifty-two week high of $12.19. The business has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $10.82. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 9.45 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. As a group, research analysts predict that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.6%. AGNC Investment’s dividend payout ratio is 119.01%.

Insider Buying and Selling

In related news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the sale, the chief executive officer owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 215,234 shares of company stock worth $2,364,022. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler increased their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. UBS Group raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.25.

AGNC Investment Company 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.