Simplicity Wealth LLC Makes New $2.95 Million Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Simplicity Wealth LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 308,346 shares of the real estate investment trust's stock, valued at approximately $2,954,000.

Several other hedge funds have also recently bought and sold shares of AGNC. Fourth Dimension Wealth LLC bought a new stake in shares of AGNC Investment in the 4th quarter worth about $26,000. National Bank of Canada FI lifted its holdings in AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares during the last quarter. Spire Wealth Management boosted its position in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares in the last quarter. CoreCap Advisors LLC grew its stake in AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,229 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in AGNC Investment by 150.0% during 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 during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Trading Up 1.3%

Shares of AGNC stock traded up $0.12 on Tuesday, reaching $9.33. 19,732,835 shares of the stock were exchanged, compared to its average volume of 21,341,717. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The stock has a market cap of $9.52 billion, a PE ratio of 9.62 and a beta of 1.29. The stock has a 50 day moving average price of $8.81 and a 200 day moving average price of $9.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period in the previous year, the business posted $0.58 EPS. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 16.2%. AGNC Investment's payout ratio is presently 360.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AGNC shares. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a report on Tuesday, June 3rd. Jones Trading cut their price target on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment has an average rating of "Moderate Buy" and an average price target of $9.75.

Insiders Place Their Bets

In other news, Director Donna Blank sold 17,218 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the transaction, the director now directly owns 90,345 shares in the company, valued at $783,291.15. This trade represents a 16.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth L. Pollack sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the sale, the executive vice president now owns 447,841 shares of the company's stock, valued at $4,044,004.23. This represents a 3.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,384 shares of company stock valued at $1,228,039. Company insiders own 0.42% of the company's stock.

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).