AGNC Investment (NASDAQ:AGNC) Trading Up 0.1% - What's Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $10.49 and last traded at $10.45. 5,283,367 shares traded hands during trading, a decline of 72% from the average session volume of 18,999,488 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. 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. Argus upgraded AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.50.

Remove Ads

AGNC Investment Stock Performance

The company has a market cap of $9.33 billion, a P/E ratio of 10.87 and a beta of 1.48. The firm has a 50 day moving average of $9.70 and a 200-day moving average of $9.90. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (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 fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment's dividend payout ratio (DPR) is presently 148.45%.

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fourth Dimension Wealth LLC purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $26,000. Financial Life Planners purchased a new position in AGNC Investment in the 4th quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment in the 3rd quarter worth $32,000. National Bank of Canada FI raised its stake in AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,966 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

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).