65,584 Shares in AGNC Investment Corp. $AGNC Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,584 shares of the real estate investment trust’s stock, valued at approximately $715,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in AGNC Investment during the second quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $28,000. Avion Wealth grew its position in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares during the last quarter. National Bank of Canada FI increased its stake in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares in the last quarter. Finally, WealthCollab LLC purchased a new position in shares of AGNC Investment during the 3rd quarter worth approximately $33,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Down 0.3%

AGNC stock opened at $10.89 on Friday. AGNC Investment Corp. has a 52-week low of $9.62 and a 52-week high of $12.19. The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.71. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 5.73 and a beta of 1.32.

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

AGNC Investment Announces Dividend

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) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated 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 in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AGNC has been the subject of several research reports. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Piper Sandler increased their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $11.11.

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.