AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price traded up 2.1% on Monday . The company traded as high as $9.00 and last traded at $8.98. 11,090,155 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 19,807,529 shares. The stock had previously closed at $8.79.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Jones Trading lowered their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. Finally, 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 research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment has an average rating of "Moderate Buy" and an average target price of $9.96.
Get Our Latest Analysis on AGNC
AGNC Investment Stock Performance
The stock has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $9.55. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 9.28 and a beta of 1.30.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analysts' expectations 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 prior year, the company earned $0.58 earnings per share. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio is currently 360.00%.
Insider Transactions at AGNC Investment
In other AGNC Investment news, CEO Peter J. Federico sold 48,333 shares of the business'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 transaction, the chief executive officer now owns 1,691,421 shares of the company's stock, valued at $14,715,362.70. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bernice Bell sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the transaction, the executive vice president now directly owns 374,019 shares in the company, valued at $3,321,288.72. This trade represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 in the last ninety days. 0.42% of the stock is currently owned by corporate insiders.
Institutional Trading of AGNC Investment
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock valued at $821,765,000 after buying an additional 2,462,337 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in AGNC Investment by 18.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after acquiring an additional 2,589,020 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 2,311,105 shares during the last quarter. Norges Bank acquired a new stake in AGNC Investment during the fourth quarter worth approximately $87,269,000. Finally, Allspring Global Investments Holdings LLC lifted its position in AGNC Investment by 5.2% during 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 acquiring an additional 424,990 shares during the last quarter. Institutional investors own 38.28% of the company's stock.
About AGNC Investment
(
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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