Diversify Wealth Management LLC Purchases Shares of 81,677 AGNC Investment Corp. $AGNC

Diversify Wealth Management LLC purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 1st quarter, Holdings Channel reports. The fund purchased 81,677 shares of the real estate investment trust’s stock, valued at approximately $896,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of AGNC Investment in the fourth quarter worth approximately $141,830,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in AGNC Investment during the fourth quarter valued at approximately $33,210,000. SG Americas Securities LLC increased its holdings in AGNC Investment by 19,632.0% during the fourth quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock valued at $33,320,000 after buying an additional 3,092,436 shares during the last quarter. State Street Corp increased its holdings in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after buying an additional 1,906,785 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in AGNC Investment by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after acquiring an additional 1,596,244 shares during the period. Institutional investors own 38.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group lifted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. JPMorgan Chase & Co. cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.25.

Insider Activity at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This trade represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Up 1.0%

Shares of AGNC Investment stock opened at $11.43 on Friday. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 9.45 and a beta of 1.31. The stock’s 50-day simple moving average is $10.59 and its 200-day simple moving average is $10.82. AGNC Investment Corp. has a 52 week low of $9.11 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The firm had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. On average, equities analysts expect that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio is presently 119.01%.

About AGNC Investment

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.