Kingsview Wealth Management LLC Invests $856,000 in AGNC Investment Corp. $AGNC

Kingsview Wealth Management LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 78,526 shares of the real estate investment trust’s stock, valued at approximately $856,000.

Several other institutional investors and hedge funds have also bought and sold shares of AGNC. Danske Bank A S acquired a new position in AGNC Investment during the second quarter worth $26,000. Avion Wealth grew its position in shares of AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 2,021 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 2nd quarter valued at about $28,000. Osbon Capital Management LLC acquired a new position in shares of AGNC Investment during the 2nd quarter worth about $28,000. Finally, National Bank of Canada FI raised its holdings 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 purchasing an additional 1,690 shares during the period. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Piper Sandler boosted their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Finally, Wells Fargo & Company cut their price objective 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. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.11.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.90 on Monday. The firm has a 50-day moving average of $10.88 and a 200-day moving average of $10.69. The stock has a market cap of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32. AGNC Investment Corp. has a 52-week low of $9.62 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the prior year, the business earned ($0.17) EPS. As a group, analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s payout ratio is currently 75.79%.

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.