Davidson Investment Advisors Has $35.05 Million Stake in AGNC Investment Corp. $AGNC

Key Points

• Davidson Investment Advisors has increased its stake in AGNC Investment Corp. by 11.2%, now holding approximately $35.05 million in shares as of the latest SEC filing.
• The company’s recent earnings report showed an EPS of $0.38, which was below analysts' consensus estimates of $0.42, despite a significant revenue of $830 million.
• Analysts have a consensus rating of "Moderate Buy" for AGNC Investment, with a price target averaging $9.75, after several analysts adjusted their ratings and targets.

Davidson Investment Advisors increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,813,681 shares of the real estate investment trust's stock after purchasing an additional 385,400 shares during the quarter. AGNC Investment comprises about 1.6% of Davidson Investment Advisors' portfolio, making the stock its 15th biggest position. Davidson Investment Advisors owned 0.37% of AGNC Investment worth $35,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Triton Wealth Management PLLC bought a new position in AGNC Investment in the 2nd quarter valued at $443,000. Harbour Investments Inc. lifted its stake in shares of AGNC Investment by 18.3% during the second quarter. Harbour Investments Inc. now owns 44,101 shares of the real estate investment trust's stock valued at $405,000 after acquiring an additional 6,807 shares during the period. Innova Wealth Partners boosted its holdings in AGNC Investment by 2.7% in the second quarter. Innova Wealth Partners now owns 71,516 shares of the real estate investment trust's stock valued at $657,000 after acquiring an additional 1,850 shares during the last quarter. RFG Advisory LLC acquired a new stake in AGNC Investment in the second quarter worth about $99,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in AGNC Investment by 5.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 104,719 shares of the real estate investment trust's stock worth $962,000 after purchasing an additional 5,741 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AGNC shares. Jones Trading reiterated a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Piper Sandler raised their price target on AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Finally, UBS Group upped their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

AGNC Investment Trading Up 0.2%

AGNC opened at $10.01 on Wednesday. The firm's fifty day moving average is $9.88 and its two-hundred day moving average is $9.36. The firm has a market cap of $10.43 billion, a PE ratio of 29.44 and a beta of 1.32. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter in the prior year, the company earned $0.53 EPS. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment's payout ratio is 423.53%.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).

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