Front Row Advisors LLC Increases Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Front Row Advisors LLC increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 75.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,000 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the quarter. Front Row Advisors LLC’s holdings in AGNC Investment were worth $65,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of AGNC Investment in the fourth quarter valued at $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment during the third quarter worth about $32,000. National Bank of Canada FI increased its position in shares of AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,832 shares during the last quarter. Spire Wealth Management raised its position in shares of AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,972 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in AGNC Investment by 775.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 515,148 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, 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. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AGNC shares. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company dropped their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Performance

AGNC Investment stock opened at $9.58 on Tuesday. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The firm has a market cap of $8.77 billion, a P/E ratio of 9.88 and a beta of 1.50. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $10.14 and a 200-day moving average of $9.91.

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

AGNC Investment Dividend Announcement

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

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).