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

Simplicity Wealth LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 308,346 shares of the real estate investment trust's stock, valued at approximately $2,954,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 worth $767,348,000 after buying an additional 10,316,999 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 worth $134,645,000 after buying an additional 2,311,105 shares in the last quarter. Norges Bank purchased a new stake in shares of AGNC Investment during the fourth quarter worth $87,269,000. Allspring Global Investments Holdings LLC grew its holdings in shares of AGNC Investment by 5.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock worth $80,392,000 after buying an additional 424,990 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AGNC Investment by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after buying an additional 581,352 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Royal Bank of Canada dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a report on Tuesday, June 3rd. Jones Trading dropped their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.75.

Insiders Place Their Bets

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the transaction, the director now owns 90,345 shares of the company's stock, valued at $783,291.15. This trade represents a 16.01% 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, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the sale, the chief executive officer now directly owns 1,691,421 shares in the company, valued at $14,715,362.70. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last 90 days. 0.42% of the stock is owned by company insiders.

AGNC Investment Trading Down 1.1%

AGNC stock traded down $0.10 during mid-day trading on Friday, hitting $9.30. 23,729,797 shares of the company were exchanged, compared to its average volume of 21,490,095. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.49 billion, a P/E ratio of 9.59 and a beta of 1.29. The business has a fifty day simple moving average of $8.85 and a 200-day simple moving average of $9.47. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results 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 company had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter last year, the firm posted $0.58 earnings per share. On average, equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a jun 25 dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Monday, June 30th. AGNC Investment's dividend payout ratio (DPR) is presently 360.00%.

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).