Simplicity Wealth LLC Purchases Shares of 213,483 AGNC Investment Corp. $AGNC

Simplicity Wealth LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 213,483 shares of the real estate investment trust’s stock, valued at approximately $2,327,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in AGNC Investment during the fourth quarter valued at approximately $141,830,000. Bank of New York Mellon Corp bought a new position in shares of AGNC Investment during the 2nd quarter worth approximately $40,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in AGNC Investment in the 4th quarter valued at $33,210,000. State Street Corp boosted its stake in shares of AGNC Investment by 12.9% in the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of AGNC Investment by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group lifted their price target on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Piper Sandler upped their price target on shares of 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 lowered their price objective 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, July 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.11.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $10.96 on Monday. The stock’s fifty day simple moving average is $10.76 and its 200 day simple moving average is $10.74. AGNC Investment Corp. has a 12 month low of $9.57 and a 12 month high of $12.19. The company has a market capitalization of $12.99 billion, a PE ratio of 5.77 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the previous year, the firm posted ($0.17) EPS. Analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Monday, August 31st. AGNC Investment’s payout ratio is presently 75.79%.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

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.