Simplicity Wealth LLC Makes New Investment in AGNC Investment Corp. $AGNC

Key Points

• Simplicity Wealth LLC acquired 213,483 shares of AGNC Investment in the second quarter, valued at approximately $2.33 million. Institutional investors and hedge funds own 38.28% of the company.
• Analysts maintain a generally cautious outlook, with three Buy ratings and eight Holds; AGNC has an average rating of “Hold” and a consensus price target of $11.11.
• AGNC reported quarterly EPS of $0.40, exceeding expectations of $0.38, and announced a monthly dividend of $0.12 per share, representing an annualized yield of approximately 13.1%.

Simplicity Wealth LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 213,483 shares of the real estate investment trust's stock, valued at approximately $2,327,000.

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

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. UBS Group upped their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. Finally, Compass Point cut AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has an average rating of "Hold" and an average target price of $11.11.

AGNC Investment Stock Performance

AGNC opened at $10.96 on Monday. The business has a 50 day moving average price of $10.76 and a 200 day moving average price of $10.74. AGNC Investment Corp. has a twelve month low of $9.57 and a twelve month high of $12.19. The firm has a market cap of $12.99 billion, a P/E ratio of 5.77 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $305.00 million during the quarter, compared to analysts' expectations 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 previous year, the company earned ($0.17) earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.1%. AGNC Investment's payout ratio is 75.79%.

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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