AGNC Investment (NASDAQ:AGNC) Stock Price Up 1% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) rose 1% on Thursday . The stock traded as high as $8.92 and last traded at $8.92. Approximately 7,070,045 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 19,317,884 shares. The stock had previously closed at $8.83.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jones Trading dropped their price target on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.96.

AGNC Investment Stock Down 0.2 %

The business's fifty day moving average is $9.40 and its two-hundred day moving average is $9.61. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 9.06 and a beta of 1.32. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be given a $0.12 dividend. This represents a yield of 17.7%. The ex-dividend date of this dividend is Wednesday, April 30th. AGNC Investment's dividend payout ratio is currently 360.00%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president now directly owns 374,019 shares of the company's stock, valued at $3,321,288.72. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $8.70, for a total value of $420,497.10. Following the completion of the transaction, the chief executive officer now owns 1,691,421 shares in the company, valued at approximately $14,715,362.70. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,166 shares of company stock valued at $1,129,259. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC boosted its holdings in shares of AGNC Investment by 8.0% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 28,219 shares of the real estate investment trust's stock valued at $270,000 after buying an additional 2,083 shares in the last quarter. Equity Investment Corp lifted its position in AGNC Investment by 8.2% in the first quarter. Equity Investment Corp now owns 7,395,081 shares of the real estate investment trust's stock valued at $70,845,000 after acquiring an additional 562,700 shares during the last quarter. Larson Financial Group LLC boosted its stake in AGNC Investment by 326.3% in the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of AGNC Investment by 42.9% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 277,103 shares of the real estate investment trust's stock worth $2,655,000 after purchasing an additional 83,176 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of AGNC Investment by 9.7% during the first quarter. Sigma Planning Corp now owns 137,119 shares of the real estate investment trust's stock worth $1,314,000 after purchasing an additional 12,074 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., 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).