Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CEO Sells 48,333 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) CEO Peter J. Federico sold 48,333 shares of AGNC Investment stock in a transaction dated Monday, April 28th. The shares were 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 $14,590,621.44. The trade was a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

AGNC Investment Stock Up 0.6 %

Shares of AGNC stock traded up $0.05 during mid-day trading on Tuesday, reaching $9.07. 37,478,608 shares of the company's stock traded hands, compared to its average volume of 19,240,009. The company's 50-day moving average price is $9.53 and its 200-day moving average price is $9.65. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. 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 company has a market cap of $8.30 billion, a P/E ratio of 9.35 and a beta of 1.32.

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

AGNC Investment Announces Dividend

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

Analyst Ratings Changes

AGNC has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target 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. StockNews.com upgraded shares of 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. Wells Fargo & Company cut their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 10,316,999 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of 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 period. Geode Capital Management LLC increased 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 acquiring an additional 2,311,105 shares during the period. Norges Bank purchased a new stake in shares of AGNC Investment in the fourth quarter valued at about $87,269,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of 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 valued at $80,392,000 after buying 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

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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