Mills Wealth Advisors LLC Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Mills Wealth Advisors LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,847 shares of the real estate investment trust’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGNC. Financial Life Planners acquired a new stake in AGNC Investment during the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. acquired a new stake in AGNC Investment in the 3rd quarter valued at $32,000. Blue Trust Inc. grew its position in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Spire Wealth Management lifted its holdings in shares of AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,972 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of AGNC Investment by 775.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 515,148 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

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

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.42 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $9.92. The firm has a market capitalization of $9.23 billion, a PE ratio of 10.74 and a beta of 1.48. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a dividend yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment’s payout ratio is 148.45%.

Analyst Ratings Changes

Several research firms have weighed in on AGNC. Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.50.

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).