AGNC Investment (NASDAQ:AGNC) Trading Down 1.5% Following Insider Selling

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded down 1.5% during trading on Wednesday following insider selling activity. The company traded as low as $8.69 and last traded at $8.82. 8,814,799 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 19,243,083 shares. The stock had previously closed at $8.95.

Specifically, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $8.88, for a total value of $429,197.04. Following the completion of the transaction, the chief executive officer now owns 1,643,088 shares of the company's stock, valued at approximately $14,590,621.44. The trade was a 2.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the sale, the chief executive officer now owns 1,691,421 shares in the company, valued at $14,715,362.70. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, the executive vice president now directly owns 447,841 shares in the company, valued at approximately $4,044,004.23. The trade was a 3.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

AGNC has been the topic of several research reports. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Jones Trading reduced their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped 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. Finally, Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment has an average rating of "Moderate Buy" and an average price target of $9.96.

AGNC Investment Price Performance

The firm has a 50-day moving average of $9.43 and a 200-day moving average of $9.63. The stock has a market cap of $8.10 billion, a PE ratio of 9.13 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

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

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after acquiring an additional 71,330 shares in the last quarter. Tidal Investments LLC lifted its position in AGNC Investment by 3.3% during the third quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust's stock valued at $1,005,000 after purchasing an additional 3,075 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of AGNC Investment in the 3rd quarter worth $142,000. Franklin Resources Inc. grew its position in AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock worth $6,060,000 after acquiring an additional 154,029 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in AGNC Investment during the fourth quarter worth approximately $386,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).