LFG Wealth Partners LLC Makes New $2.93 Million Investment in AGNC Investment Corp. $AGNC

LFG Wealth Partners LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 273,465 shares of the real estate investment trust’s stock, valued at approximately $2,932,000. AGNC Investment accounts for approximately 1.9% of LFG Wealth Partners LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGNC. GoalVest Advisory LLC bought a new position in AGNC Investment during the fourth quarter worth about $26,000. Sound Income Strategies LLC lifted its stake in AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new position in AGNC Investment during the fourth quarter worth about $33,000. National Bank of Canada FI lifted its stake in AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC bought a new position in shares of AGNC Investment in the third quarter valued at approximately $33,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.46 on Tuesday. The stock’s fifty day moving average is $10.52 and its 200-day moving average is $10.77. The stock has a market capitalization of $12.01 billion, a PE ratio of 8.64 and a beta of 1.32. AGNC Investment Corp. has a 52 week low of $9.05 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. As a group, analysts forecast that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Tuesday, June 30th. AGNC Investment’s payout ratio is 119.01%.

Insider Activity at AGNC Investment

In related news, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director owned 96,471 shares in the company, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This trade represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGNC. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Finally, UBS Group increased their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.06.

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.