Creative Planning Has $2.09 Million Position in AGNC Investment Corp. $AGNC

Creative Planning increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,796 shares of the real estate investment trust’s stock after acquiring an additional 25,222 shares during the quarter. Creative Planning’s holdings in AGNC Investment were worth $2,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its position in shares of AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after purchasing an additional 46,368,867 shares in the last quarter. Nuveen LLC bought a new stake in AGNC Investment in the 1st quarter valued at about $30,546,000. Vanguard Group Inc. raised its stake in AGNC Investment by 3.0% during 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 period. Geode Capital Management LLC raised its stake in AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after buying an additional 2,461,255 shares during the period. Finally, Equity Investment Corp boosted its holdings in AGNC Investment by 27.0% in the second quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after acquiring an additional 1,995,369 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Activity at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of AGNC Investment stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Jones Trading reaffirmed a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. Piper Sandler lifted their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.18.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.40 on Wednesday. The company has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.67. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 15.52 and a beta of 1.34. 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 1 year low of $7.85 and a 1 year high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same quarter last year, the firm posted $0.43 earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

AGNC Investment 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).