Mills Wealth Advisors LLC Buys New Shares in AGNC Investment Corp. (NASDAQ:AGNC)

Mills Wealth Advisors LLC purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,847 shares of the real estate investment trust’s stock, valued at approximately $109,000.

A number of other large investors also recently added to or reduced their stakes in AGNC. Charles Schwab Investment Management Inc. grew its position in shares of AGNC Investment by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after buying an additional 9,639,675 shares in the last quarter. Barclays PLC increased its stake in AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after acquiring an additional 71,330 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after acquiring an additional 242,640 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its position in shares of AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock valued at $496,000 after acquiring an additional 35,598 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Price Performance

AGNC opened at $10.42 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $9.80 and a 200 day moving average of $9.92. AGNC Investment Corp. has a 52-week low of $8.92 and a 52-week high of $10.85. The stock has a market cap of $9.23 billion, a P/E ratio of 10.74 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 148.45%.

About AGNC Investment

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).