EverSource Wealth Advisors LLC Purchases 1,776 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

EverSource Wealth Advisors LLC boosted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 21.7% during the fourth quarter, according to its most recent 13F filing with the 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Life Planners bought a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the 3rd quarter valued at $32,000. Spire Wealth Management lifted its holdings in 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 worth $37,000 after purchasing an additional 1,972 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in AGNC Investment by 775.6% in the 4th 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 period. Finally, Huntington National Bank grew its holdings in 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 buying an additional 3,445 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Trading Up 0.4 %

AGNC stock opened at $10.39 on Wednesday. The company has a market capitalization of $9.51 billion, a PE ratio of 10.71 and a beta of 1.50. 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 Corp. has a one year low of $8.92 and a one year high of $10.85. The company’s 50 day moving average price is $10.03 and its two-hundred day moving average price is $9.93.

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 return on equity of 21.92% and a net margin of 29.26%. As a group, analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.12 dividend. 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 currently 148.45%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Insider Activity at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction 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. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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).