Ensign Peak Advisors Inc Sells 5,935 Shares of AGNC Investment Corp. $AGNC

Ensign Peak Advisors Inc lessened its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,998 shares of the real estate investment trust’s stock after selling 5,935 shares during the quarter. Ensign Peak Advisors Inc’s holdings in AGNC Investment were worth $1,682,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AGNC. IFP Advisors Inc grew its holdings in AGNC Investment by 24.2% during the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 1,261 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of AGNC Investment during the first quarter worth $266,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AGNC Investment during the first quarter valued at $1,176,000. Avantax Advisory Services Inc. grew its stake in AGNC Investment by 73.0% during the first quarter. Avantax Advisory Services Inc. now owns 127,866 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 53,968 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in AGNC Investment by 36.0% in the 1st quarter. Cetera Investment Advisers now owns 630,800 shares of the real estate investment trust’s stock valued at $6,043,000 after acquiring an additional 167,101 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

AGNC Investment Trading Up 1.5%

AGNC opened at $10.56 on Friday. The stock has a 50-day moving average of $10.08 and a 200 day moving average of $9.68. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.64. The firm has a market cap of $11.33 billion, a P/E ratio of 15.76 and a beta of 1.34.

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

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment’s payout ratio is presently 214.93%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AGNC shares. Piper Sandler increased their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group increased their price target on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Monday. Finally, Jones Trading reaffirmed a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $10.18.

AGNC Investment 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).