Greenwich Wealth Management LLC Takes $107,000 Position in AGNC Investment Corp. $AGNC

by · The Cerbat Gem

Greenwich Wealth Management LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,603 shares of the real estate investment trust’s stock, valued at approximately $107,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Cozad Asset Management Inc. raised its position in shares of AGNC Investment by 59.0% in the second quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock valued at $1,668,000 after buying an additional 67,355 shares in the last quarter. Bogart Wealth LLC increased its stake in AGNC Investment by 78.0% during the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,600 shares during the period. Delphi Financial Group Inc. acquired a new position in AGNC Investment in the 2nd quarter valued at $574,000. Creative Planning raised its holdings in AGNC Investment by 12.5% in the 2nd quarter. Creative Planning now owns 227,796 shares of the real estate investment trust’s stock valued at $2,093,000 after acquiring an additional 25,222 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of AGNC Investment by 22.5% during the 2nd quarter. Cetera Investment Advisers now owns 772,691 shares of the real estate investment trust’s stock valued at $7,101,000 after acquiring an additional 141,891 shares during the period. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.8%

Shares of NASDAQ AGNC opened at $10.48 on Monday. 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 market cap of $11.24 billion, a price-to-earnings ratio of 15.64 and a beta of 1.34. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.64. The stock has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $9.70.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly 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). The company had revenue of $836.00 million during the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced 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) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment’s payout ratio is presently 214.93%.

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AGNC. Jones Trading restated a “buy” rating and issued a $10.00 price target on shares of AGNC Investment in a research report on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group increased their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.18.

Get Our Latest Stock Report on AGNC Investment

About AGNC Investment

(Free Report)

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).

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