HighTower Advisors LLC Buys 5,029 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

HighTower Advisors LLC increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,226 shares of the real estate investment trust’s stock after purchasing an additional 5,029 shares during the quarter. HighTower Advisors LLC’s holdings in AGNC Investment were worth $1,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGNC. Maryland State Retirement & Pension System acquired a new position in AGNC Investment during the first quarter valued at approximately $702,000. World Asset Management Inc lifted its position in shares of AGNC Investment by 19.4% during the 1st quarter. World Asset Management Inc now owns 16,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 2,663 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in AGNC Investment by 3.1% in the first quarter. Level Four Advisory Services LLC now owns 33,200 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 1,000 shares in the last quarter. Principal Financial Group Inc. grew its position in AGNC Investment by 15.3% in the first quarter. Principal Financial Group Inc. now owns 37,099 shares of the real estate investment trust’s stock valued at $622,000 after acquiring an additional 4,915 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in AGNC Investment by 20.2% during the first quarter. Rafferty Asset Management LLC now owns 271,963 shares of the real estate investment trust’s stock worth $4,558,000 after acquiring an additional 45,793 shares in the last quarter. 49.93% of the stock is owned by institutional investors and hedge funds.

In related news, Director Morris A. Davis sold 7,475 shares of the business’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $17.90, for a total value of $133,802.50. Following the transaction, the director now owns 33,850 shares in the company, valued at $605,915. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Aaron Pas sold 5,138 shares of the company’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $16.55, for a total transaction of $85,033.90. Following the sale, the senior vice president now directly owns 143,608 shares in the company, valued at approximately $2,376,712.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Several brokerages recently issued reports on AGNC. Barclays lifted their price target on shares of AGNC Investment from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Keefe, Bruyette & Woods downgraded shares of AGNC Investment from an “outperform” rating to a “market perform” rating and set a $18.25 price target for the company. in a report on Sunday, June 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded AGNC Investment from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Tuesday. Finally, TheStreet raised AGNC Investment from a “d” rating to a “c-” rating in a report on Thursday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Buy” and a consensus price target of $16.78.

Shares of AGNC opened at $18.62 on Friday. The stock’s 50-day moving average is $17.95. AGNC Investment Corp. has a 12 month low of $12.43 and a 12 month high of $18.84. The firm has a market cap of $9.77 billion, a P/E ratio of 3.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.32 and a quick ratio of 0.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.13. AGNC Investment had a return on equity of 17.44% and a net margin of 239.30%. The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $283.22 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 712.3% compared to the same quarter last year. Equities research analysts forecast that AGNC Investment Corp. will post 2.65 EPS for the current fiscal year.

The company also recently declared a jun 21 dividend, which will be paid on Monday, July 12th. Stockholders of record on Wednesday, June 30th will be given a $0.12 dividend. AGNC Investment’s dividend payout ratio (DPR) is currently 53.33%.

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).

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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