B. Riley Wealth Advisors Inc. Decreases Stake in AGNC Investment Corp. (NASDAQ:AGNC)

B. Riley Wealth Advisors Inc. lessened its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 127,872 shares of the real estate investment trust’s stock after selling 3,776 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AGNC Investment were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AGNC. CIBC Asset Management Inc grew its holdings in shares of AGNC Investment by 5.4% during the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,012 shares during the last quarter. Paragon Capital Management Ltd grew its stake in AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 1,071 shares during the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of AGNC Investment by 10.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,176 shares during the period. Oak Thistle LLC increased its holdings in shares of AGNC Investment by 4.9% in the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,251 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the topic of several research reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Stock Up 0.7 %

AGNC stock opened at $9.65 on Tuesday. The firm’s fifty day moving average is $9.78 and its 200 day moving average is $9.96. The firm has a market cap of $8.55 billion, a PE ratio of 6.70 and a beta of 1.47. AGNC Investment Corp. has a one year low of $8.92 and a one year 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 posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter last year, the business earned $0.65 earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a dividend yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

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).