AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price rose 0.2% on Tuesday . The company traded as high as $9.09 and last traded at $9.04. Approximately 10,846,413 shares were traded during trading, a decline of 43% from the average daily volume of 19,138,289 shares. The stock had previously closed at $9.02.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday. Royal Bank of Canada decreased their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.
View Our Latest Report on AGNC
AGNC Investment Price Performance
The stock has a 50 day moving average of $9.47 and a 200-day moving average of $9.64. The stock has a market capitalization of $8.15 billion, a P/E ratio of 9.19 and a beta of 1.32. The company has a current ratio of 0.23, a quick 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 data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 17.7%. AGNC Investment's payout ratio is currently 360.00%.
Insider Activity
In other news, CEO Peter J. Federico sold 48,333 shares of AGNC Investment 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 sale, the chief executive officer now owns 1,691,421 shares of the company's stock, valued at approximately $14,715,362.70. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frances Spark sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company's stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,166 shares of company stock valued at $1,058,219 in the last three months. 0.42% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 10,316,999 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after buying an additional 2,589,020 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AGNC Investment by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock worth $134,645,000 after buying an additional 2,311,105 shares during the last quarter. Norges Bank acquired a new stake in shares of AGNC Investment in the 4th quarter valued at about $87,269,000. Finally, Allspring Global Investments Holdings LLC increased its position in AGNC Investment by 5.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock worth $80,392,000 after buying an additional 424,990 shares during the last quarter. Institutional investors own 38.28% of the company's stock.
AGNC Investment Company Profile
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Get Free Report)
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).
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