Prevail Innovative Wealth Advisors LLC Has $127,000 Stock Position in AGNC Investment Corp. $AGNC

Prevail Innovative Wealth Advisors LLC lowered its position in AGNC Investment Corp. (NASDAQ:AGNC) by 95.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,877 shares of the real estate investment trust’s stock after selling 280,393 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in AGNC Investment were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AGNC. GoalVest Advisory LLC acquired a new position in shares of AGNC Investment in the fourth quarter valued at $26,000. Atlantic Union Bankshares Corp acquired a new stake in AGNC Investment during the third quarter worth $29,000. Sound Income Strategies LLC increased its holdings in AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new stake in AGNC Investment in the 4th quarter valued at $33,000. Finally, National Bank of Canada FI raised its stake in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,690 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $10.26 on Friday. AGNC Investment Corp. has a 52 week low of $8.65 and a 52 week high of $12.19. The company’s fifty day moving average is $10.46 and its 200-day moving average is $10.76. The company has a market capitalization of $11.78 billion, a PE ratio of 8.48 and a beta of 1.35.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The business had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. On average, analysts forecast that AGNC Investment Corp. will post 1.56 EPS for the current 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 issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 14.0%. AGNC Investment’s dividend payout ratio (DPR) is presently 119.01%.

Insider Buying and Selling

In other news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director owned 96,471 shares in the company, 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 215,234 shares of company stock valued at $2,364,022 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AGNC. Wells Fargo & Company raised their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.06.

AGNC Investment 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.