AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.9% After Dividend Announcement

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shot up 0.9% on Friday after the company announced a dividend. The stock traded as high as $10.45 and last traded at $10.42. 6,221,669 shares were traded during mid-day trading, a decline of 67% from the average session volume of 18,968,010 shares. The stock had previously closed at $10.32.

The newly announced dividend which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment's dividend payout ratio (DPR) is currently 148.46%.

Analyst Ratings Changes

A number of research analysts have commented on AGNC shares. Wells Fargo & Company cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Argus upgraded AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.50.

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AGNC Investment Stock Up 0.2 %

The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 10.79 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm's 50-day simple moving average is $9.65 and its two-hundred day simple moving average is $9.89.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Spark sold 5,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were 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 $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Financial Life Planners acquired a new position in shares of AGNC Investment during the 4th quarter worth about $28,000. Point72 Asset Management L.P. bought a new position in AGNC Investment during the 3rd quarter worth approximately $32,000. National Bank of Canada FI grew its holdings in AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares during the period. Blue Trust Inc. increased its stake 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 purchasing an additional 2,966 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,972 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

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).