Icon Advisers Inc. Co. Purchases 62,956 Shares of AGNC Investment Corp. $AGNC

Icon Advisers Inc. Co. grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 25.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,974 shares of the real estate investment trust’s stock after buying an additional 62,956 shares during the quarter. Icon Advisers Inc. Co.’s holdings in AGNC Investment were worth $2,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in 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 acquiring an additional 1,064 shares during the last quarter. Huntington National Bank increased its stake in shares of AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,199 shares during the last quarter. MAI Capital Management raised its holdings in shares of AGNC Investment by 1.8% during the 2nd quarter. MAI Capital Management now owns 67,245 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 1,206 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,237 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,256 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, November 24th. Royal Bank Of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group increased 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. Piper Sandler lifted their price target on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $10.18.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Down 0.8%

Shares of AGNC Investment stock opened at $10.48 on Friday. 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 company has a market cap of $11.24 billion, a P/E ratio of 15.64 and a beta of 1.34. The company’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $9.69.

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

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 9th. Investors of record on Friday, November 28th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date is Friday, November 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 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).