Simplicity Wealth LLC Makes New Investment in AGNC Investment Corp. $AGNC

Simplicity Wealth LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 203,948 shares of the real estate investment trust’s stock, valued at approximately $1,997,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Red Tortoise LLC grew its stake in AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 2,185 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of AGNC Investment by 1,003.0% in the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 3,300 shares during the period. Bogart Wealth LLC grew its position in shares of AGNC Investment by 78.0% in the second quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,600 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at $37,000. Finally, Huntington National Bank lifted its holdings in AGNC Investment by 32.2% during the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,199 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AGNC shares. JPMorgan Chase & Co. lifted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. BTIG Research lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Royal Bank Of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Jones Trading restated a “hold” rating on shares of AGNC Investment in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.41.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Trading Up 0.8%

NASDAQ AGNC opened at $11.79 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $10.78 and its two-hundred day simple moving average is $10.17. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $11.93. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 17.60 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS 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 the consensus estimate of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same quarter last year, the company posted $0.43 earnings per share. Research analysts forecast 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, February 10th. Investors of record on Friday, January 30th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Friday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

AGNC Investment 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.