International Assets Investment Management LLC Grows Stock Position in AGNC Investment Corp. $AGNC

International Assets Investment Management LLC increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 539,565 shares of the real estate investment trust’s stock after acquiring an additional 53,003 shares during the period. International Assets Investment Management LLC’s holdings in AGNC Investment were worth $5,406,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after buying an additional 1,304,782 shares during the period. Geode Capital Management LLC grew its position in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after acquiring an additional 1,596,244 shares during the period. State Street Corp increased its stake in AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after acquiring an additional 1,090,374 shares during the last quarter. Norges Bank acquired a new stake in AGNC Investment during the fourth quarter worth about $141,830,000. Finally, Morgan Stanley raised its holdings in shares of AGNC Investment by 24.3% in the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock worth $80,310,000 after purchasing an additional 1,462,468 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. The trade was a 3.23% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was 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 approximately $1,039,957.38. This trade represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 215,234 shares of company stock valued at $2,364,022. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AGNC. Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of 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 research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Finally, UBS Group increased their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Four investment 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.com, AGNC Investment has an average rating of “Hold” and a consensus target price of $11.25.

AGNC Investment Price Performance

NASDAQ AGNC traded up $0.06 on Friday, reaching $11.13. The company had a trading volume of 12,142,136 shares, compared to its average volume of 14,685,414. AGNC Investment Corp. has a 1 year low of $9.11 and a 1 year high of $12.19. The firm has a 50-day moving average of $10.55 and a 200-day moving average of $10.81. The firm has a market capitalization of $12.78 billion, a PE ratio of 9.20 and a beta of 1.31.

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

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.9%. AGNC Investment’s payout ratio is currently 119.01%.

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.