AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC) shot up 0.1% on Thursday . The stock traded as high as $10.50 and last traded at $10.49. 3,017,121 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 18,892,920 shares. The stock had previously closed at $10.47.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Argus raised AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Up 0.1 %

The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 10.87 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 $9.72 and its 200-day moving average is $9.91.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is presently 148.46%.

Insider Activity

In related 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 value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGNC. Vanguard Group Inc. increased its holdings in AGNC Investment by 14.1% in the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock valued at $767,348,000 after buying an additional 10,316,999 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares in the last quarter. Norges Bank bought a new stake in AGNC Investment in the fourth quarter valued at about $87,269,000. PL Capital Advisors LLC raised its position in AGNC Investment by 821.0% in the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock worth $50,332,000 after purchasing an additional 4,871,584 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in AGNC Investment during the fourth quarter worth about $39,840,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).