Creative Planning Buys 25,222 Shares of AGNC Investment Corp. $AGNC

Creative Planning boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,796 shares of the real estate investment trust’s stock after purchasing an additional 25,222 shares during the period. Creative Planning’s holdings in AGNC Investment were worth $2,093,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AGNC Investment by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock worth $821,765,000 after buying an additional 2,462,337 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in AGNC Investment by 241,567.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after acquiring an additional 46,368,867 shares during the period. Geode Capital Management LLC boosted its position in AGNC Investment by 10.9% in the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after purchasing an additional 2,461,255 shares during the last quarter. Equity Investment Corp grew its stake in shares of AGNC Investment by 27.0% during the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock valued at $86,298,000 after purchasing an additional 1,995,369 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of AGNC Investment by 21.1% during the 1st quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock valued at $41,370,000 after purchasing an additional 752,201 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Stock Up 1.0%

Shares of AGNC stock opened at $10.40 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.63. The company’s fifty day moving average price is $10.07 and its 200-day moving average price is $9.67. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 15.52 and a beta of 1.34.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same period in the prior year, the company posted $0.43 EPS. Sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 9th. Investors of record on Friday, November 28th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment’s dividend payout ratio (DPR) is 214.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jones Trading reiterated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Piper Sandler lifted their target price on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.18.

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).