JPMorgan Chase & Co. Issues Positive Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

Key Points

• JPMorgan Chase & Co. has increased its price target for AGNC Investment stock from $9.50 to $10.00, maintaining an "overweight" rating.
• Piper Sandler and Keefe, Bruyette & Woods have also raised their price targets for AGNC Investment to $10.50 and $10.00 respectively, indicating a general positive outlook among analysts.
• AGNC Investment's stock has experienced a trading volume of over 24 million shares, and it currently holds a market cap of $10.52 billion.

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $9.50 to $10.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 0.99% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Piper Sandler lifted their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Jones Trading reiterated a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods lifted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. UBS Group lifted their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.

AGNC Investment Stock Performance

AGNC stock traded up $0.11 on Monday, hitting $10.10. The company had a trading volume of 24,844,345 shares, compared to its average volume of 24,297,168. The stock's 50-day simple moving average is $9.91 and its 200 day simple moving average is $9.37. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 29.71 and a beta of 1.32. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter in the prior year, the business earned $0.53 EPS. As a group, equities research analysts expect that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its holdings in shares of AGNC Investment by 241,567.4% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock worth $446,651,000 after buying an additional 46,368,867 shares during the last quarter. Norges Bank bought a new stake in shares of AGNC Investment in the 2nd quarter worth about $109,814,000. Nuveen LLC bought a new stake in shares of AGNC Investment in the 1st quarter worth about $30,546,000. Vanguard Group Inc. boosted its stake 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 worth $821,765,000 after purchasing an additional 2,462,337 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust's stock worth $229,990,000 after purchasing an additional 2,461,255 shares during the period. 38.28% of the stock is currently owned by institutional investors.

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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