Kingsview Wealth Management LLC Purchases New Stake in AGNC Investment Corp. $AGNC

Kingsview Wealth Management LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 78,526 shares of the real estate investment trust’s stock, valued at approximately $856,000.

Several other hedge funds have also recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of AGNC Investment in the 2nd quarter valued at approximately $26,000. Avion Wealth boosted its position in shares of AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $28,000. Osbon Capital Management LLC bought a new position in AGNC Investment in the second quarter valued at approximately $28,000. Finally, National Bank of Canada FI increased its stake in AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

AGNC stock opened at $10.90 on Monday. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. The company has a 50 day simple moving average of $10.88 and a 200 day simple moving average of $10.69. AGNC Investment Corp. has a 1 year low of $9.62 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter last year, the business posted ($0.17) earnings per share. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings upgraded AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Piper Sandler raised their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.11.

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.