Envestnet Asset Management Inc. Has $13.41 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

Envestnet Asset Management Inc. increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,406,042 shares of the real estate investment trust’s stock after purchasing an additional 31,345 shares during the quarter. Envestnet Asset Management Inc. owned about 0.19% of AGNC Investment worth $13,414,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brown Advisory Inc. bought a new position in AGNC Investment in the fourth quarter valued at approximately $99,000. Nomura Asset Management Co. Ltd. boosted its stake in AGNC Investment by 39.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,800 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 16,200 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in AGNC Investment by 9.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 286,578 shares of the real estate investment trust’s stock valued at $2,811,000 after acquiring an additional 25,700 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in AGNC Investment by 49,597.1% in the fourth quarter. TFO Wealth Partners LLC now owns 16,897 shares of the real estate investment trust’s stock valued at $1,660,000 after acquiring an additional 16,863 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in AGNC Investment by 39.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 92,160 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 26,000 shares during the period. 38.28% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the completion of the transaction, the chief financial officer now directly owns 308,182 shares in the company, valued at approximately $3,072,574.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.37 on Thursday. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $9.84. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 11.40 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same quarter last year, the firm earned $0.67 EPS. AGNC Investment’s revenue for the quarter was up 52.1% compared to the same quarter last year. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 13.89%. The ex-dividend date is Monday, September 30th. AGNC Investment’s payout ratio is presently 158.24%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Compass Point raised their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Janney Montgomery Scott started coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.33.

About AGNC Investment

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).