Aspen Wealth Strategies LLC Has $249,000 Position in AGNC Investment Corp. $AGNC

Aspen Wealth Strategies LLC raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 32.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,074 shares of the real estate investment trust’s stock after purchasing an additional 6,661 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in AGNC Investment were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,064 shares during the period. Kovack Advisors Inc. raised its holdings in AGNC Investment by 0.5% in the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 1,186 shares during the period. Huntington National Bank lifted its position in AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,199 shares during the last quarter. CreativeOne Wealth LLC lifted its position in AGNC Investment by 9.7% during the first quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 1,237 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of AGNC Investment by 8.8% during the first quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,256 shares during the period. 38.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. Piper Sandler increased their target price on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. UBS Group increased their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Jones Trading reissued a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.18.

Insider Transactions at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Trading Up 1.3%

Shares of AGNC opened at $10.34 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 15.43 and a beta of 1.34. The business’s fifty day moving average is $10.05 and its 200-day moving average is $9.55.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. The business had revenue of $836.00 million during the quarter, compared to analyst estimates of $466.39 million. During the same period last year, the business earned $0.43 earnings per share. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 1,440.0%. AGNC Investment’s payout ratio is 214.93%.

AGNC Investment Company 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).