New Wave Wealth Advisors LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

New Wave Wealth Advisors LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,322 shares of the real estate investment trust’s stock, valued at approximately $165,000.

A number of other hedge funds have also recently modified their holdings of AGNC. Virtu Financial LLC bought a new position in AGNC Investment in the 4th quarter valued at $717,000. Norden Group LLC increased its stake in AGNC Investment by 985.9% in the 1st quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 168,473 shares during the period. Fermata Advisors LLC lifted its holdings in AGNC Investment by 53.0% during the 1st quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 8,039 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in AGNC Investment by 339.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after buying an additional 102,933 shares during the period. Finally, Vanguard Group Inc. grew its stake in AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after acquiring an additional 2,368,658 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Janney Montgomery Scott began coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target on the stock. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. increased their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Trading Down 1.8 %

NASDAQ:AGNC opened at $10.27 on Wednesday. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 11.29 and a beta of 1.47. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $10.21 and a 200 day moving average of $9.86.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 52.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 14.02%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s payout ratio is currently 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.52% of the stock is owned by company insiders.

AGNC Investment Company 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).