EverSource Wealth Advisors LLC Increases Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

EverSource Wealth Advisors LLC increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,949 shares of the real estate investment trust’s stock after acquiring an additional 1,776 shares during the period. EverSource Wealth Advisors LLC’s holdings in AGNC Investment were worth $92,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $28,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment during the third quarter valued at approximately $32,000. Spire Wealth Management raised its position in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of AGNC Investment by 775.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 515,148 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of AGNC Investment by 105.7% during the 3rd quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 3,445 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Argus upgraded AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.39 on Wednesday. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 10.71 and a beta of 1.50. The firm has a fifty day moving average price of $10.03 and a 200 day moving average price of $9.93. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.

Insider Activity

In related news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

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).