HB Wealth Management LLC Purchases New Position in AGNC Investment Corp. (NASDAQ:AGNC)

HB Wealth Management LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,020 shares of the real estate investment trust’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Paragon Capital Management Ltd raised 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 buying an additional 1,071 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in AGNC Investment by 6.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,150 shares during the period. Garden State Investment Advisory Services LLC boosted its position in 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 worth $135,000 after purchasing an additional 1,176 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. Finally, Hollencrest Capital Management increased its position in shares of AGNC Investment by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 1,290 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on AGNC shares. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.64.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $9.68 on Friday. The stock has a market capitalization of $8.57 billion, a PE ratio of 6.72 and a beta of 1.47. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The business has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment Dividend Announcement

The firm also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s dividend payout ratio is 100.00%.

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).