AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.6% - Here's Why

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price was down 0.6% during mid-day trading on Wednesday . The company traded as low as $9.39 and last traded at $9.44. Approximately 5,026,612 shares traded hands during trading, a decline of 70% from the average daily volume of 16,756,212 shares. The stock had previously closed at $9.49.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AGNC shares. JPMorgan Chase & Co. lowered their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Argus raised shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.50.

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AGNC Investment Price Performance

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 firm has a market capitalization of $8.55 billion, a PE ratio of 9.63 and a beta of 1.50. The company has a 50-day moving average price of $10.12 and a 200-day moving average price of $9.90.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment's payout ratio is currently 148.45%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 13,000 shares of the 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 transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 75,919 shares of the company's stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGNC. Fourth Dimension Wealth LLC acquired a new stake in AGNC Investment during the fourth quarter worth about $26,000. Financial Life Planners acquired a new stake in AGNC Investment during the 4th quarter worth approximately $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment in the third quarter valued at approximately $32,000. National Bank of Canada FI lifted its position 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 buying an additional 1,832 shares in the last quarter. Finally, Spire Wealth Management lifted its position in AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).