AGNC Investment Corp. $AGNC Stake Raised by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 103.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,968 shares of the real estate investment trust’s stock after purchasing an additional 44,166 shares during the period. NEOS Investment Management LLC’s holdings in AGNC Investment were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in AGNC Investment during the third quarter valued at approximately $29,000. WFA of San Diego LLC bought a new position in shares of AGNC Investment in the second quarter valued at $37,000. Huntington National Bank increased its holdings in shares of AGNC Investment by 32.2% in the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,199 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of AGNC Investment during the 2nd quarter valued at $46,000. Finally, VSM Wealth Advisory LLC boosted its stake in shares of AGNC Investment by 42.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 5,166 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,549 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AGNC. Piper Sandler boosted their target price on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada lifted their price target on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Wells Fargo & Company upped their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. JonesTrading downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, BTIG Research lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.03.

AGNC Investment Trading Up 1.1%

Shares of NASDAQ AGNC opened at $11.45 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19. The business has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $10.47. The firm has a market capitalization of $12.28 billion, a PE ratio of 8.18 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last issued 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). The business had revenue of $995.00 million during the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. As a group, analysts predict that AGNC Investment Corp. will post 1.61 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 Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a $0.12 dividend. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 12.6%. AGNC Investment’s dividend payout ratio is presently 102.86%.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares in the company, valued at $5,969,577.92. The trade was a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 775,000 shares of company stock valued at $9,246,000 in the last quarter. Company insiders own 0.42% of the company’s stock.

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.