Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells $50,350.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bernice Bell also recently made the following trade(s):

• On Tuesday, August 6th, Bernice Bell sold 5,000 shares of AGNC Investment stock. The shares were sold at an average price of $9.97, for a total value of $49,850.00.

AGNC Investment Stock Up 0.2 %

Shares of AGNC Investment stock opened at $10.09 on Friday. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 11.09 and a beta of 1.48. The stock’s 50-day moving average is $9.90 and its 200 day moving average is $9.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.57.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The company had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. During the same period last year, the business earned $0.67 EPS. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. Equities research analysts anticipate that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 1,012 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,059 shares in the last quarter. Highlander Capital Management LLC grew its position in AGNC Investment by 8.1% in the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,200 shares during the period. Global Retirement Partners LLC increased its stake in AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in AGNC Investment by 2.5% during the fourth quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 1,251 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AGNC. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Compass Point lifted their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Jonestrading decreased their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

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).