WESPAC Advisors SoCal LLC Invests $868,000 in AGNC Investment Corp. $AGNC

WESPAC Advisors SoCal LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 86,532 shares of the real estate investment trust’s stock, valued at approximately $868,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGNC. JPMorgan Chase & Co. raised its holdings in shares of AGNC Investment by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after acquiring an additional 325,104 shares during the last quarter. Citigroup Inc. boosted its stake in shares of AGNC Investment by 39.4% in the third quarter. Citigroup Inc. now owns 1,311,549 shares of the real estate investment trust’s stock worth $12,840,000 after acquiring an additional 370,525 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of AGNC Investment by 68.2% in the third quarter. Handelsbanken Fonder AB now owns 370,100 shares of the real estate investment trust’s stock worth $3,623,000 after acquiring an additional 150,000 shares during the last quarter. Trivium Point Advisory LLC increased its position in shares of AGNC Investment by 19.4% during the third quarter. Trivium Point Advisory LLC now owns 1,139,528 shares of the real estate investment trust’s stock worth $11,156,000 after purchasing an additional 184,929 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after purchasing an additional 1,304,782 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 215,234 shares of company stock valued at $2,364,022 in the last 90 days. Insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC opened at $10.38 on Friday. AGNC Investment Corp. has a 52-week low of $9.05 and a 52-week high of $12.19. The company has a market capitalization of $11.92 billion, a PE ratio of 8.58 and a beta of 1.32. The stock has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $10.76.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. As a group, equities analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.9%. AGNC Investment’s dividend payout ratio is 119.01%.

Analysts Set New Price Targets

Several brokerages have issued reports on AGNC. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. UBS Group increased their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Royal Bank Of Canada restated an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Finally, Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.06.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.