Envestnet Asset Management Inc. Grows Position in AGNC Investment Corp. $AGNC

Envestnet Asset Management Inc. raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,959,146 shares of the real estate investment trust’s stock after acquiring an additional 242,714 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of AGNC Investment worth $19,180,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of AGNC Investment by 10.9% during the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after acquiring an additional 2,461,255 shares in the last quarter. State Street Corp increased its position in AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares during the period. Norges Bank bought a new position in AGNC Investment in the 2nd quarter worth $109,814,000. Equity Investment Corp lifted its position in shares of AGNC Investment by 27.0% in the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after purchasing an additional 1,995,369 shares during the period. Finally, Davidson Investment Advisors lifted its position in shares of AGNC Investment by 12.6% in the 3rd quarter. Davidson Investment Advisors now owns 4,295,811 shares of the real estate investment trust’s stock worth $42,056,000 after purchasing an additional 482,130 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at $6,688,316.67. This trade represents a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 775,000 shares of company stock worth $9,246,000. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $11.36 on Friday. The firm’s 50-day moving average price is $11.16 and its 200-day moving average price is $10.41. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $12.19. The company has a market cap of $12.19 billion, a PE ratio of 8.11 and a beta of 1.37. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The company had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $354.75 million. As a group, analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 12.7%. AGNC Investment’s dividend payout ratio is currently 102.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Wells Fargo & Company increased their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Piper Sandler boosted their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. Jones Trading downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, AGNC Investment presently has an average rating of “Hold” and a consensus target price of $11.03.

About AGNC Investment

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.