AGNC Investment (NASDAQ:AGNC) Stock Price Up 3.6% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price rose 3.6% during mid-day trading on Tuesday . The company traded as high as $9.05 and last traded at $8.97. Approximately 13,497,751 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 23,221,691 shares. The stock had previously closed at $8.66.

Analyst Ratings Changes

Several equities research analysts have weighed in on AGNC shares. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. Wells Fargo & Company decreased 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 shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

AGNC Investment Stock Up 2.8 %

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 moving average is $9.92 and its 200 day moving average is $9.79. The firm has a market capitalization of $7.64 billion, a PE ratio of 8.61 and a beta of 1.32.

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 EPS for the quarter, missing analysts' consensus estimates 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, research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a yield of 17.7%. AGNC Investment's payout ratio is 148.45%.

Insider Buying and Selling

In other news, Director Frances Spark sold 5,000 shares of the business's stock in a transaction dated 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. The trade was a 6.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the business. Fourth Dimension Wealth LLC purchased a new stake in AGNC Investment during the 4th quarter worth $26,000. Financial Life Planners purchased a new stake in shares of AGNC Investment in the fourth quarter worth about $28,000. Point72 Asset Management L.P. purchased a new stake in shares of AGNC Investment in the third quarter worth about $32,000. National Bank of Canada FI grew its stake in shares of AGNC Investment by 112.7% in 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 raised its holdings in shares of AGNC Investment by 94.5% during the 4th 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 during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

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).