Envestnet Asset Management Inc. Raises Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Envestnet Asset Management Inc. increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,565,671 shares of the real estate investment trust's stock after acquiring an additional 121,592 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of AGNC Investment worth $14,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new position in AGNC Investment in the 4th quarter valued at approximately $26,000. National Bank of Canada FI increased its position in shares of AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,832 shares during the period. Rossby Financial LCC purchased a new position in AGNC Investment during the first quarter valued at approximately $38,000. CoreCap Advisors LLC boosted its holdings in AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 1,229 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of AGNC Investment by 150.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock worth $46,000 after buying an additional 3,000 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Down 0.3%

AGNC stock traded down $0.03 during midday trading on Friday, hitting $9.25. The company's stock had a trading volume of 13,876,143 shares, compared to its average volume of 22,264,020. The company has a market cap of $9.44 billion, a PE ratio of 23.13 and a beta of 1.28. The firm's 50-day moving average is $9.19 and its 200-day moving average is $9.43. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. The firm had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. During the same period in the previous year, the company earned $0.58 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Investors of record on Thursday, July 31st will be issued a $0.12 dividend. This represents a yield of 15.2%. The ex-dividend date is Thursday, July 31st. AGNC Investment's dividend payout ratio is 360.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Jones Trading decreased their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of "Hold" and a consensus target price of $9.79.

Insider Activity

In other news, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $8.88, for a total value of $429,197.04. Following the transaction, the chief executive officer owned 1,643,088 shares of the company's stock, valued at approximately $14,590,621.44. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Blank sold 17,218 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director owned 90,345 shares of the company's stock, valued at approximately $783,291.15. This represents a 16.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,384 shares of company stock worth $1,228,039 in the last quarter. 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).