Envestnet Asset Management Inc. Raises Position in AGNC Investment Corp. (NASDAQ:AGNC)

Envestnet Asset Management Inc. boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,565,671 shares of the real estate investment trust’s stock after buying an additional 121,592 shares during the period. Envestnet Asset Management Inc. owned 0.17% of AGNC Investment worth $14,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AGNC. Proficio Capital Partners LLC purchased a new stake in AGNC Investment in the fourth quarter worth about $222,000. HighTower Advisors LLC lifted its holdings in shares of AGNC Investment by 9.1% during the fourth quarter. HighTower Advisors LLC now owns 102,955 shares of the real estate investment trust’s stock valued at $948,000 after purchasing an additional 8,597 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of AGNC Investment by 27.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 73,898 shares of the real estate investment trust’s stock valued at $681,000 after purchasing an additional 15,850 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of AGNC Investment by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 722,434 shares of the real estate investment trust’s stock valued at $6,654,000 after purchasing an additional 32,115 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of AGNC Investment by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 123,060 shares of the real estate investment trust’s stock valued at $1,133,000 after purchasing an additional 2,215 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Argus reiterated a “hold” rating on shares of AGNC Investment in a report on Tuesday, April 29th. Royal Bank Of Canada lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Jones Trading lowered their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group lifted their target price on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.79.

AGNC Investment Price Performance

Shares of AGNC opened at $9.25 on Friday. The firm has a market cap of $9.44 billion, a PE ratio of 23.13 and a beta of 1.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $9.43. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. During the same period in the previous year, the business earned $0.58 EPS. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment’s payout ratio is 360.00%.

Insider Buying and Selling at AGNC Investment

In other news, EVP Kenneth L. Pollack sold 17,500 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president owned 447,841 shares of the company’s stock, valued at $4,044,004.23. The trade was a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna Blank sold 17,218 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the sale, the director directly owned 90,345 shares of the company’s stock, valued at approximately $783,291.15. The trade was a 16.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by insiders.

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).