Frank Rimerman Advisors LLC Acquires 77,971 Shares of AGNC Investment Corp. $AGNC

Frank Rimerman Advisors LLC boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 123.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,178 shares of the real estate investment trust’s stock after purchasing an additional 77,971 shares during the period. Frank Rimerman Advisors LLC’s holdings in AGNC Investment were worth $1,513,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of AGNC Investment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after purchasing an additional 1,591,465 shares during the period. State Street Corp grew its position in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after buying an additional 1,906,785 shares during the period. Norges Bank bought a new position in AGNC Investment during the second quarter valued at about $109,814,000. Equity Investment Corp increased its holdings in AGNC Investment by 1.8% during the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after buying an additional 164,386 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in AGNC Investment by 20.2% during the third quarter. Victory Capital Management Inc. now owns 7,111,656 shares of the real estate investment trust’s stock worth $69,623,000 after buying an additional 1,192,975 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the transaction, the director directly owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the sale, the executive vice president owned 491,728 shares in the company, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 775,000 shares of company stock worth $9,246,000 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.02 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11.25 billion, a PE ratio of 7.16 and a beta of 1.38. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. The company has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.61.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. Equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 14.4%. AGNC Investment’s payout ratio is presently 102.86%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Wells Fargo & Company upped their price objective on AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Barclays increased their price objective on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.