Firethorn Wealth Partners LLC Grows Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Firethorn Wealth Partners LLC raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,995 shares of the real estate investment trust’s stock after buying an additional 3,735 shares during the period. Firethorn Wealth Partners LLC’s holdings in AGNC Investment were worth $709,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of AGNC Investment by 200.5% during the third 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 during the last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after purchasing an additional 189,444 shares during the last quarter. Equity Investment Corp raised its position in shares of AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after purchasing an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of AGNC Investment by 2.5% in the 3rd 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 during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AGNC. JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.64.

AGNC Investment Trading Up 0.4 %

NASDAQ AGNC opened at $9.68 on Friday. The firm’s 50-day moving average is $9.50 and its two-hundred day moving average is $9.90. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $8.57 billion, a P/E ratio of 6.72 and a beta of 1.47.

AGNC Investment Dividend Announcement

The business also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s payout ratio is currently 100.00%.

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).