Gateway Investment Advisers LLC Takes $626,000 Position in AGNC Investment Corp. $AGNC

Gateway Investment Advisers LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,385 shares of the real estate investment trust’s stock, valued at approximately $626,000.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of AGNC Investment by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after purchasing an additional 325,104 shares in the last quarter. Citigroup Inc. grew its position in AGNC Investment by 39.4% in the 3rd quarter. Citigroup Inc. now owns 1,311,549 shares of the real estate investment trust’s stock worth $12,840,000 after purchasing an additional 370,525 shares in the last quarter. Handelsbanken Fonder AB grew its position in AGNC Investment by 68.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 370,100 shares of the real estate investment trust’s stock worth $3,623,000 after purchasing an additional 150,000 shares in the last quarter. Trivium Point Advisory LLC increased its stake in AGNC Investment by 19.4% in the 3rd quarter. Trivium Point Advisory LLC now owns 1,139,528 shares of the real estate investment trust’s stock valued at $11,156,000 after buying an additional 184,929 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its stake in AGNC Investment by 38.6% in the 3rd quarter. Waterfront Wealth Inc. now owns 176,607 shares of the real estate investment trust’s stock valued at $1,796,000 after buying an additional 49,219 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Piper Sandler cut their price objective on AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Finally, Wells Fargo & Company lifted their target price on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.06.

Insider Buying and Selling

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 value of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 215,234 shares of company stock valued at $2,364,022 over the last 90 days. 0.40% of the stock is owned by company insiders.

AGNC Investment Trading Up 1.3%

AGNC Investment stock opened at $10.86 on Friday. The business’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.73. AGNC Investment Corp. has a 12 month low of $8.65 and a 12 month high of $12.19. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 8.98 and a beta of 1.35.

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

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Friday, May 29th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Friday, May 29th. AGNC Investment’s dividend payout ratio (DPR) is 119.01%.

AGNC Investment Company Profile

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.