AGNC Investment (NASDAQ:AGNC) CEO Sells $601,332.78 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $8.87, for a total value of $601,332.78. Following the completion of the sale, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Trading Up 1.0%

AGNC stock opened at $8.95 on Friday. The company has a market capitalization of $10.61 billion, a P/E ratio of 895.90 and a beta of 1.36. AGNC Investment Corp. has a twelve month low of $8.38 and a twelve month high of $12.19. The business has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $10.51.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. Research analysts predict that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.1%. AGNC Investment’s dividend payout ratio is currently 14,400.00%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Piper Sandler reduced their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Royal Bank Of Canada lowered their price target on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Finally, Barclays dropped their price target on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.12.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Handelsbanken Fonder AB increased its stake in AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after buying an additional 900 shares during the period. Wedmont Private Capital lifted its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 988 shares during the period. Spinnaker Investment Group LLC lifted its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after acquiring an additional 1,014 shares during the period. NWF Advisory Services Inc. lifted its stake in shares of AGNC Investment by 8.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,026 shares during the period. Finally, World Investment Advisors boosted its holdings in shares of AGNC Investment by 5.5% in the first quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 1,064 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.