Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) Director Sells 5,400 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

AGNC Investment Trading Up 1.5 %

NASDAQ AGNC traded up $0.14 during trading on Monday, hitting $9.54. The stock had a trading volume of 9,006,079 shares, compared to its average volume of 11,887,267. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a market capitalization of $6.63 billion, a PE ratio of 10.42 and a beta of 1.45. The firm has a 50 day moving average price of $9.53 and a 200 day moving average price of $9.28.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the previous year, the business posted $0.70 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Compass Point began coverage on AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.79.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Norges Bank purchased a new stake in shares of AGNC Investment in the fourth quarter valued at about $69,215,000. Vanguard Group Inc. increased its position in AGNC Investment by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after purchasing an additional 6,019,268 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of AGNC Investment during the 4th quarter worth approximately $38,593,000. Clearbridge Investments LLC boosted its stake in shares of AGNC Investment by 85.6% in the third quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock valued at $68,924,000 after buying an additional 3,367,112 shares in the last quarter. Finally, GRS Advisors LLC acquired a new position in AGNC Investment during the fourth quarter worth $32,509,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).