Allworth Financial LP Boosts Position in AGNC Investment Corp. (NASDAQ:AGNC)

Allworth Financial LP grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 76.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,836 shares of the real estate investment trust’s stock after buying an additional 2,096 shares during the period. Allworth Financial LP’s holdings in AGNC Investment were worth $47,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new position in shares of AGNC Investment during the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC purchased a new position in shares of AGNC Investment during the second quarter valued at approximately $29,000. Worth Asset Management LLC purchased a new position in shares of AGNC Investment during the first quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of AGNC Investment by 128.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,015 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $37,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AGNC shares. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Jonestrading started coverage on AGNC Investment in a research report on Friday, March 22nd. They set a “buy” rating and a $10.75 price target on the stock. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target on the stock. Finally, Barclays lifted their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.93.

AGNC Investment Trading Down 0.9 %

AGNC Investment stock opened at $9.31 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $9.26. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 931.93 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 2.16 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s payout ratio is currently 14,414.41%.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).