AGNC Investment (NASDAQ:AGNC) Raised to "Hold" at StockNews.com

AGNC Investment (NASDAQ:AGNC - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

AGNC has been the topic of a number of other research reports. Wells Fargo & Company cut their price target 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. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

Remove Ads

AGNC Investment Trading Up 0.0 %

Shares of AGNC stock traded up $0.01 during trading hours on Tuesday, reaching $10.43. 21,993,215 shares of the stock traded hands, compared to its average volume of 20,264,531. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The business has a fifty day moving average price of $9.80 and a 200 day moving average price of $9.92. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.54 billion, a PE ratio of 10.75 and a beta of 1.48.

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 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, equities research analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

Insider Buying and Selling

In related news, 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 completion of the sale, the director now directly owns 75,919 shares of the company's stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of AGNC. Vanguard Group Inc. raised its stake in AGNC Investment by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after purchasing an additional 10,316,999 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the last quarter. Norges Bank acquired a new position in AGNC Investment during the 4th quarter valued at $87,269,000. PL Capital Advisors LLC raised its stake in AGNC Investment by 821.0% during the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock valued at $50,332,000 after purchasing an additional 4,871,584 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in AGNC Investment during the 4th quarter valued at $39,840,000. 38.28% of the stock is currently 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).