AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) was the recipient of unusually large options trading on Thursday. Investors purchased 52,294 put options on the stock. This is an increase of approximately 38% compared to the typical volume of 37,759 put options.
Insider Transactions at AGNC Investment
In other news, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.43% of the company's stock.
Hedge Funds Weigh In On AGNC Investment
Several hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new stake in AGNC Investment in the second quarter worth $157,000. Bank of Montreal Can grew its stake in shares of AGNC Investment by 4.7% in the 2nd quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust's stock worth $390,000 after buying an additional 1,777 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth about $163,000. The Manufacturers Life Insurance Company increased its holdings in shares of AGNC Investment by 11.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust's stock worth $1,755,000 after buying an additional 18,864 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of AGNC Investment in the 2nd quarter valued at about $668,000. Hedge funds and other institutional investors own 38.28% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AGNC. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research note on Monday, December 9th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Keefe, Bruyette & Woods reduced 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. Royal Bank of Canada restated an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.
Check Out Our Latest Report on AGNC Investment
AGNC Investment Stock Performance
NASDAQ AGNC traded down $0.02 on Monday, hitting $9.95. 22,152,859 shares of the company traded hands, compared to its average volume of 19,869,723. The business's 50 day moving average price is $9.53 and its 200-day moving average price is $9.88. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 10.26 and a beta of 1.48. AGNC Investment has a 52-week low of $8.92 and a 52-week high of $10.85. The company has a current ratio of 0.23, a quick 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 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts expect that AGNC Investment will post 1.61 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment's dividend payout ratio (DPR) is currently 148.46%.
About AGNC Investment
(
Get Free Report)
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).
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