AGNC Investment (NASDAQ:AGNC) Shares Up 0.2% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 0.2% during mid-day trading on Tuesday . The company traded as high as $10.39 and last traded at $10.38. Approximately 4,114,284 shares changed hands during trading, a decline of 74% from the average daily volume of 15,988,408 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

AGNC has been the topic of several research reports. Argus upgraded shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Stock Up 0.2 %

The company has a market capitalization of $9.50 billion, a P/E ratio of 10.71 and a beta of 1.50. The stock has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share 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%. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s payout ratio is 148.45%.

Insider Activity

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business’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 sale, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC bought a new position in AGNC Investment in the 4th quarter worth about $26,000. Financial Life Planners purchased a new position in AGNC Investment in the fourth quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment in the 3rd quarter worth about $32,000. National Bank of Canada FI raised its holdings in shares of AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,832 shares in the last quarter. Finally, Spire Wealth Management lifted its position in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,972 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

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).