Great Lakes Advisors LLC invests $8.96 million in AGNC Investment Corp. (NASDAQ:AGNC)

February 11, 2023

Great Lakes Advisors LLC increased its holdings in AGNC Investment Corp. (NASDAQ: AGNC) during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC), Form 13F (SEC).

To purchase 1,063,532 shares of the real estate investment trust’s stock, the institutional investor forked over a total of $8,955,000.

According to the most recent report that Great Lakes Advisors LLC submitted to the SEC, the company owned 0.20 percent of AGNC Investment.

In recent months, several other institutional investors and hedge funds have adjusted their AGNC stock holdings.

These investors made these adjustments.

During the second quarter, SVB Wealth LLC achieved a 2.3% increase in the proportion of AGNC Investment that it held.

After making an additional 959 share purchases over the most recent quarter, SVB Wealth LLC is now the proud owner of 42,396 shares in the real estate investment trust.

As of right now, the value of these shares on the market is equal to 469 thousand dollars.

During the second quarter of this year, CWM LLC increased the percentage of AGNC Investment shares it owned by 14.4%.

As a result of the purchase of 963 additional shares during the most recent quarter, CWM LLC now owns 7,635 shares in the real estate investment trust.

The current market value of these shares puts their worth at $85,000. NTB Financial Corporation successfully added 5.3% more AGNC Investment shares to its portfolio over the second quarter. NTB Financial Corp. now has 25,901 real estate investment trust shares, valued at $287,000, after purchasing an additional 1,300 shares. Geneos Wealth Management INC increased the proportion of AGNC Investment owned by 21.4% over the first three months of 2018. Geneos Wealth Management INC now has 7,648 real estate investment trust shares following the purchase of an additional 1,350 shares during the most recent quarter.

The company’s investment in these shares is currently valued at $100,000.

And finally, the holdings of Benjamin F.

Edwards & Company, INC were the cause of the 5.9% increase in profits that AGNC Investment experienced during the third quarter.

Benjamin F.

Edwards & Company INC now has 26,823 real estate investment trust shares, which are currently valued at $226,000 after purchasing an additional 1,489 shares during the period in question.

To the extent that they own any of the stock, hedge funds and other institutional investors account for 40.87% of the total.
In recent times, various market analysts have provided their thoughts on the stock while discussing its performance. Credit Suisse Group informed investors that their price objective for AGNC Investment had been raised to $9.50 in a research report that was made public on Friday, December 2. Royal Bank of Canada upgraded its price objective for AGNC Investment from $9.00 to $12.00 and gave the company an “outperform” rating in a research note published on Tuesday.

In a research note distributed on Monday, Argus changed its recommendation for AGNC Investment from “buy” to “hold.” The change was made about the company’s stock.

In a report on Friday, November 4, UBS Group stated that they had decreased their target price on AGNC Investment shares to $8.50.

The report was about the company’s decision to reduce its target price.

BTIG Research lowered its price objective on AGNC Investment shares from $9.50 to $9.00 in a report released on Wednesday, October 26.

The report was published on Wednesday.

The final and most significant adjustment was made here. Five research analysts have recommended purchasing company shares, while four have suggested that investors hold on to the shares they already own.

According to the data provided by Bloomberg, the share price is currently trading at $11.05 and receives an average “Moderate buy” recommendation from market analysts.
When trading started on Thursday, one share of AGNC stock was going for $11.73 per share.

AGNC Investment Corp. hit a low point over the past 52 weeks of $7.30, while the company reached a high point over the past 52 weeks of $14.66.

The debt-to-equity ratio, the current ratio, and the quick ratio all have the same value of 0.25.

All three ratios share this value.

The simple moving average price of the company’s shares over the past 50 days is $10.83, and the average price over the last 200 days is $10.50.

On January 31, the most recent quarterly earnings report for AGNC Investment, traded on the NASDAQ under the symbol AGNC, was made public.

The real estate investment trust (REIT) announced earnings of $0.74 per share for the quarter, which was $0.09 higher than the consensus estimate of $0.65 per share.

The company reported a revenue of $25 million for the quarter, a significant decrease from the $415.17 million that analysts anticipated would bring in for the period.

Despite having a negative net margin of 80.24%, AGNC Investment could still generate a return on equity of 26.52%.

This was accomplished even though the company had a negative return on assets.

AGNC Investment’s revenue during the quarter fell by 89.9% when measured against what it was during the same time the year before.

The company posted earnings of $0.75 per share for the same period the year before when compared to the current year.

The analysts who follow this market anticipate that AGNC Investment Corp. will generate $2.19 per share earnings this year.

The company just declared a dividend for February 23, which is scheduled to be paid out on March 9.

In addition to this news, the company made this announcement yesterday. On February 28, shareholders who still own company shares will be eligible to receive a dividend payment of $0.12 per share that will be distributed to investors.

The payout ratio for AGNC Investment currently stands at -56.69% as of right now.

After recently undergoing a rebranding process, the real estate investment trust formerly American Capital Agency Corp.

Is now doing business under the name AGNC Investment Corp.

The company’s investments, which are made in agency residential mortgage-backed securities, use leverage to maximize their potential returns.

Its holdings include residential mortgage pass-through securities and collateralized mortgage obligations (CMOs).

These investments come with a guarantee from either a company subsidized by the government, such as the Federal National Mortgage Association (Fannie Mae), or an agency of the United States government, such as the Government National Mortgage Association (Ginnie Mae).

The principal and interest payments on these investments are collectively secured (GSEs).

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