352,260 Shares in AGNC Investment Corp. $AGNC Purchased by Compass Financial Management LLC

Compass Financial Management LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 352,260 shares of the real estate investment trust’s stock, valued at approximately $3,784,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares in the last quarter. BlackRock Inc. purchased a new position in shares of AGNC Investment during the 2nd quarter worth approximately $704,076,000. Geode Capital Management LLC raised its position in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp raised its position in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Finally, Norges Bank purchased a new stake in AGNC Investment in the 4th quarter valued at approximately $141,830,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGNC. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Piper Sandler increased their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and a consensus price target of $11.11.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC opened at $10.89 on Friday. AGNC Investment Corp. has a fifty-two week low of $9.62 and a fifty-two week high of $12.19. The company has a market capitalization of $12.91 billion, a PE ratio of 5.73 and a beta of 1.32. The stock has a fifty day moving average of $10.83 and a two-hundred day moving average of $10.71.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter last year, the firm earned ($0.17) earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s dividend payout ratio is 75.79%.

AGNC Investment 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.