Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells 13,000 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AGNC Investment Price Performance

NASDAQ:AGNC traded up $0.12 during trading hours on Tuesday, hitting $10.07. The stock had a trading volume of 20,698,989 shares, compared to its average volume of 20,061,549. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 10.38 and a beta of 1.48. The company has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $9.88.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its 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%. Research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment's dividend payout ratio is currently 148.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Hsbc Holdings PLC purchased a new stake in shares of AGNC Investment in the 2nd quarter valued at $157,000. Bank of Montreal Can lifted its stake in AGNC Investment by 4.7% in the second quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust's stock worth $390,000 after purchasing an additional 1,777 shares during the last quarter. AQR Capital Management LLC purchased a new stake in AGNC Investment during the second quarter valued at about $163,000. The Manufacturers Life Insurance Company grew its stake in shares of AGNC Investment by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust's stock valued at $1,755,000 after buying an additional 18,864 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of AGNC Investment in the second quarter worth about $668,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AGNC. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

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).