Envestnet Asset Management Inc. Buys 121,592 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Envestnet Asset Management Inc. boosted its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 0.17% of AGNC Investment worth $14,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AGNC. Vanguard Group Inc. raised its position in AGNC Investment by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after purchasing an additional 10,316,999 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in AGNC Investment by 18.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after purchasing an additional 2,589,020 shares in the last quarter. Geode Capital Management LLC raised its position in AGNC Investment by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock valued at $134,645,000 after purchasing an additional 2,311,105 shares in the last quarter. Norges Bank purchased a new stake in AGNC Investment during the fourth quarter valued at about $87,269,000. Finally, Northern Trust Corp raised its position in AGNC Investment by 24.9% during the fourth quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust's stock valued at $58,746,000 after purchasing an additional 1,273,565 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Royal Bank Of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jones Trading reissued a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.79.

AGNC Investment Trading Up 1.5%

AGNC traded up $0.14 during trading on Tuesday, hitting $9.37. 31,618,723 shares of the company's stock were exchanged, compared to its average volume of 22,334,214. 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 Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The stock has a 50 day moving average price of $9.19 and a 200 day moving average price of $9.43. The firm has a market cap of $9.56 billion, a P/E ratio of 27.56 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same period last year, the company posted $0.53 earnings per share. As a group, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a $0.12 dividend. This represents a dividend yield of 15.2%. The ex-dividend date is Thursday, July 31st. AGNC Investment's dividend payout ratio (DPR) is 360.00%.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the completion of the sale, the executive vice president directly owned 374,019 shares in the company, valued at $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the transaction, the executive vice president owned 447,841 shares of the company's stock, valued at $4,044,004.23. The trade was a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 over the last ninety days. 0.42% of the stock is owned by company insiders.

About AGNC Investment

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).