AGNC Investment (NASDAQ:AGNC) Shares Down 0.7% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $8.61 and last traded at $8.70. 7,557,228 shares were traded during trading, a decline of 61% from the average session volume of 19,492,826 shares. The stock had previously closed at $8.76.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Jones Trading cut their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.96.

AGNC Investment Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.13 billion, a PE ratio of 9.15 and a beta of 1.30. The stock's fifty day simple moving average is $9.27 and its 200 day simple moving average is $9.57.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $436.71 million. During the same period last year, the firm earned $0.58 EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's payout ratio is 360.00%.

Insiders Place Their Bets

In other news, Director Donna Blank sold 17,218 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the transaction, the director now owns 90,345 shares in the company, valued at $783,291.15. This trade represents a 16.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the sale, the chief executive officer now directly 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. Insiders sold a total of 139,384 shares of company stock worth $1,228,039 over the last three months. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new stake in AGNC Investment in the fourth quarter worth $26,000. Financial Life Planners bought a new stake in AGNC Investment during the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new stake in AGNC Investment in the 1st quarter valued at about $28,000. National Bank of Canada FI grew its stake in AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 2,519 shares during the period. 38.28% of the stock is owned by institutional investors.

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).