104,574 Shares in AGNC Investment Corp. $AGNC Bought by Allworth Financial LP

Key Points

• Allworth Financial LP purchased 104,574 AGNC Investment shares during the second quarter, valued at approximately $1.14 million. Institutional investors collectively own 38.28% of the mortgage REIT.
• AGNC reported quarterly earnings of $0.40 per share, beating estimates of $0.38, while revenue totaled $305 million. Shares opened at $10.89, within a 12-month range of $9.62 to $12.19.
• The company declared a monthly dividend of $0.12 per share, implying a 13.2% annualized yield; analysts maintain a consensus “Hold” rating with an $11.11 price target.

Allworth Financial LP purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 104,574 shares of the real estate investment trust's stock, valued at approximately $1,140,000.

Several other institutional investors have also added to or reduced their stakes in AGNC. Danske Bank A S bought a new stake in shares of AGNC Investment in the second quarter worth about $26,000. Avion Wealth raised its position in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the 2nd quarter valued at approximately $28,000. National Bank of Canada FI lifted its holdings in AGNC Investment by 100.9% in the 3rd 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 period. Finally, WealthCollab LLC purchased a new stake in AGNC Investment in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Trading Down 0.3%

Shares of AGNC Investment stock opened at $10.89 on Friday. AGNC Investment Corp. has a 12 month low of $9.62 and a 12 month high of $12.19. The firm has a market capitalization of $12.91 billion, a P/E ratio of 5.73 and a beta of 1.32. The business has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $10.71.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the prior year, the firm earned ($0.17) EPS. Analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AGNC shares. Weiss Ratings upgraded AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Compass Point downgraded shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Wall Street Zen raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Piper Sandler lifted their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company cut their target price 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. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of "Hold" and a consensus price target of $11.11.

AGNC Investment Company 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.

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