Equitable Holdings Inc. Invests $794,000 in AGNC Investment Corp. $AGNC

Equitable Holdings Inc. acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 72,812 shares of the real estate investment trust’s stock, valued at approximately $794,000.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in AGNC Investment in the second quarter valued at about $26,000. Osbon Capital Management LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter valued at about $28,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 2nd quarter worth approximately $28,000. Avion Wealth lifted its stake in shares of AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of AGNC Investment by 100.9% in 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 buying an additional 1,690 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of several recent research reports. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research note on Friday, July 17th. Wells Fargo & Company dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Piper Sandler upped their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.11.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.90 on Friday. AGNC Investment Corp. has a one year low of $9.62 and a one year high of $12.19. The company’s fifty day moving average price is $10.88 and its 200-day moving average price is $10.69. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.17) EPS. Equities research analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s payout ratio is 75.79%.

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.