AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shot up 1.1% on Tuesday . The company traded as high as $9.32 and last traded at $9.31. 6,751,318 shares traded hands during trading, a decline of 68% from the average session volume of 21,294,766 shares. The stock had previously closed at $9.21.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, AGNC Investment has an average rating of "Moderate Buy" and a consensus target price of $9.75.
Get Our Latest Report on AGNC
AGNC Investment Price Performance
The stock has a market cap of $9.51 billion, a P/E ratio of 9.61 and a beta of 1.29. 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's fifty day moving average price is $8.81 and its 200-day moving average price is $9.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.58 EPS. Analysts forecast 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 was paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio (DPR) is 360.00%.
Insiders Place Their Bets
In other news, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the transaction, the executive vice president now directly owns 447,841 shares in the company, valued at $4,044,004.23. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna Blank sold 17,218 shares of AGNC Investment 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 directly owns 90,345 shares of the company's stock, valued at $783,291.15. This trade represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AGNC Investment
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 3.0% during the 1st 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. increased 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 valued at $162,828,000 after acquiring an additional 2,589,020 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock valued at $134,645,000 after acquiring an additional 2,311,105 shares during the period. Norges Bank purchased a new position in AGNC Investment in the fourth quarter worth about $87,269,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock valued at $80,392,000 after purchasing an additional 424,990 shares during the period. Hedge funds and other 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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