AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.1% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC) rose 1.1% during mid-day trading on Monday . The stock traded as high as $10.45 and last traded at $10.43. Approximately 19,562,474 shares changed hands during trading, an increase of 2% from the average daily volume of 19,267,572 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

AGNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Argus upgraded shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Down 0.2 %

The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 10.79 and a beta of 1.48. 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 business’s 50-day moving average is $9.66 and its 200-day moving average is $9.89.

AGNC Investment (NASDAQ:AGNC) last announced its 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 return on equity of 21.92% and a net margin of 29.26%. On average, equities analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment’s dividend payout ratio is currently 148.46%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AGNC. Creative Planning boosted its stake in shares of AGNC Investment by 11.7% in the 3rd quarter. Creative Planning now owns 189,905 shares of the real estate investment trust’s stock valued at $1,984,000 after purchasing an additional 19,965 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. Raymond James & Associates boosted its stake in shares of AGNC Investment by 3.3% in the 3rd quarter. Raymond James & Associates now owns 1,222,595 shares of the real estate investment trust’s stock valued at $12,788,000 after purchasing an additional 38,690 shares during the last quarter. New Century Financial Group LLC bought a new position in shares of AGNC Investment in the 3rd quarter valued at about $111,000. Finally, Signaturefd LLC boosted its stake in shares of AGNC Investment by 38.4% in the 3rd quarter. Signaturefd LLC now owns 11,562 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 3,207 shares during the last quarter. Institutional investors 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).