Prospera Financial Services Inc invests $53,000 in AGNC Investment Corp. (NASDAQ: AGNC)


Prospera Financial Services Inc acquired a new position in AGNC Investment Corp. (NASDAQ: AGNCGet a rating) in Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,053 shares of the real estate investment trust, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently changed their holdings in the company. Stephens Inc. AR increased its stake in shares of AGNC Investment by 5.2% in the first quarter. Stephens Inc. AR now owns 29,826 shares of the real estate investment trust worth $391,000 after purchasing an additional 1,472 shares in the last quarter. Banque Pictet & Cie SA increased its stake in AGNC Investment shares by 38.6% in the first quarter. Banque Pictet & Cie SA now owns 269,345 shares of the real estate investment trust valued at $3,528,000 after purchasing an additional 75,064 shares during the period. Brio Consultants LLC acquired a new stake in shares of AGNC Investment in the first quarter at a value of $297,000. Shell Asset Management Co. increased its holdings of AGNC Investment shares by 4.5% in the first quarter. Shell Asset Management Co. now owns 160,599 shares of the real estate investment trust valued at $2,104,000 after purchasing an additional 6,976 shares during the period. Finally, Arizona State Retirement System increased its stake in AGNC Investment shares by 2.2% in the first quarter. Arizona State Retirement System now owns 146,112 shares of the real estate investment trust worth $1,914,000 after purchasing 3,198 additional shares during the period. Institutional investors hold 47.52% of the company’s shares.

AGNC Investment Stock up 1.3%

Shares of AGNC Investment Stock opened at $12.41 on Tuesday. The stock has a 50-day moving average price of $11.69 and a 200-day moving average price of $12.48. The company has a market capitalization of $6.49 billion, a P/E ratio of -6.50 and a beta of 1.07. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt ratio of 0.02. AGNC Investment Corp. has a 1-year low of $9.99 and a 1-year high of $16.75.

AGNC Investment (NASDAQ: AGNCGet a rating) last reported quarterly earnings data on Monday, July 25. The real estate investment trust reported earnings per share (EPS) of $0.83 for the quarter, beating the consensus estimate of $0.59 by $0.24. The company posted revenue of $315.00 million in the quarter, versus a consensus estimate of $323.75 million. AGNC Investment recorded a positive return on equity of 20.36% and a negative net margin of 69.82%. The company’s revenue for the quarter increased 35.8% year over year. During the same period of the previous year, the company achieved EPS of $0.76. As a group, analysts expect AGNC Investment Corp. has an EPS of 2.7 for the current financial year.

AGNC Investment announces a dividend

The company also recently announced a July 22 dividend, which will be paid on Tuesday, August 9. Shareholders of record on Friday, July 29 will receive a dividend of $0.12. This represents a return of 12.4%. The ex-dividend date is Thursday July 28. AGNC Investment’s payout ratio is currently -75.39%.

Changes to analyst ratings

AGNC has been the subject of several research analyst reports. Credit Suisse Group cut its price target on AGNC Investment to $12.50 and set an “na” rating for the company in a Monday, May 16 report. Maxim Group reduced its price target on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4. JPMorgan Chase & Co. downgraded AGNC Investment from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $14.50 to $11.50 in a Monday, April 25 report. Piper Sandler upgraded AGNC Investment from a “neutral” rating to an “overweight” rating and reduced its target price for the company from $13.50 to $13.00 in a Thursday, May 5 report. Finally, Keefe, Bruyette & Woods upgraded AGNC Investment from a “market performance” rating to an “outperform” rating and increased its price target for the company from $12.25 to $13.25 in a report from Wednesday, June 8. Five analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, AGNC Investment has a consensus rating of “Hold” and an average target price of $13.00.

AGNC Investment Company Profile

(Get a rating)

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 pass-through residential mortgage-backed securities and secured mortgage bonds (CMOs) for which principal and interest payments are guaranteed by a government-sponsored company, 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, the GSE).

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Institutional ownership by quarter for AGNC Investment (NASDAQ:AGNC)



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