Bank of New York Mellon Corp Raises Stake in AGNC Investment Corp. $AGNC

Bank of New York Mellon Corp increased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 3.5% in the first quarter, Holdings Channel reports. The firm owned 3,558,166 shares of the real estate investment trust’s stock after acquiring an additional 121,570 shares during the period. Bank of New York Mellon Corp’s holdings in AGNC Investment were worth $35,688,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGNC. Avion Wealth grew its stake in AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 2,021 shares during the period. Sound Income Strategies LLC increased its position 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 in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of AGNC Investment in the 4th quarter valued at $33,000. National Bank of Canada FI raised its stake in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares during the period. Finally, WealthCollab LLC purchased a new position in shares of AGNC Investment in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the sale, the chief executive officer owned 1,927,083 shares in the company, valued at $21,352,079.64. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director 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. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 150,823 shares of company stock worth $1,661,298. Insiders own 0.40% of the company’s stock.

AGNC Investment Trading Up 0.3%

Shares of AGNC stock opened at $10.59 on Friday. The firm has a fifty day simple moving average of $10.61 and a 200-day simple moving average of $10.82. The company has a market capitalization of $12.16 billion, a PE ratio of 5.57 and a beta of 1.31. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted ($0.17) EPS. Equities research analysts predict that AGNC Investment Corp. will post 1.59 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is presently 75.79%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. UBS Group upped their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Piper Sandler increased their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, AGNC Investment has a consensus rating of “Hold” and a consensus target price of $11.11.

Key Stories Impacting AGNC Investment

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: Investor-focused coverage highlighted AGNC’s large, concentrated portfolio and its 13%+ dividend yield, reinforcing the stock’s appeal to income investors. The $97.2 Billion Portfolio Behind AGNC Investment’s 13%+ Yield
• Neutral Sentiment: Another article discussed AGNC in the context of monthly dividend strategies, which keeps the company in front of income-focused investors but does not signal a direct catalyst. The Set It and Forget It Monthly Dividend Stocks Retirees Wish They’d Bought 20 Years Ago
• Neutral Sentiment: Separately, AGNC was mentioned in commentary about interest-rate uncertainty, which matters for mortgage REIT earnings and book value, but the piece was more of a broader sector discussion than a company-specific update. With a 13% Yield but an Uncertain Interest Rate Environment, Is AGNC Stock a Buy?
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target on AGNC to $11 from $12, signaling slightly weaker upside expectations even while maintaining an overweight rating. Keefe, Bruyette & Woods Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $11.00
• Negative Sentiment: Wells Fargo also cut its price target on AGNC to $11 from $12, reinforcing cautious sentiment around the stock’s near-term valuation. AGNC Investment price target lowered by Wells Fargo & Company

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.