Atria Wealth Solutions Inc. Trims Stake in AGNC Investment Corp. $AGNC

Atria Wealth Solutions Inc. lowered its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 86.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,180 shares of the real estate investment trust’s stock after selling 384,080 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AGNC Investment were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AGNC. Kingstone Capital Partners Texas LLC increased its position in shares of AGNC Investment by 241,567.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after buying an additional 46,368,867 shares during the period. Nuveen LLC purchased a new position in shares of AGNC Investment during the first quarter valued at about $30,546,000. Vanguard Group Inc. increased its position in shares of AGNC Investment by 3.0% during the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock valued at $821,765,000 after buying an additional 2,462,337 shares during the period. Citigroup Inc. increased its position in shares of AGNC Investment by 496.7% during the first quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust’s stock valued at $14,247,000 after buying an additional 1,862,128 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of AGNC Investment by 21.1% during the first quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock valued at $41,370,000 after buying an additional 752,201 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 0.7%

Shares of AGNC stock opened at $9.99 on Monday. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.63. The stock has a market cap of $10.41 billion, a P/E ratio of 29.38 and a beta of 1.32. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $9.37.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The business had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $447.37 million. During the same period in the prior year, the company posted $0.53 earnings per share. On average, research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.12 per share. This represents a yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment’s dividend payout ratio is currently 423.53%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. UBS Group upped their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Piper Sandler upped their target price on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Jones Trading reiterated a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.75.

Insider Buying and Selling

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company’s stock, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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).