Keefe, Bruyette & Woods Issues Pessimistic Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $10.25 to $9.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 4.17% from the company's previous close.

AGNC has been the subject of a number of other reports. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Jones Trading reduced their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and an average target price of $9.75.

AGNC Investment Price Performance

AGNC traded up $0.08 during trading on Tuesday, reaching $9.12. The company's stock had a trading volume of 19,591,952 shares, compared to its average volume of 21,332,011. AGNC Investment has a 1 year low of $7.85 and a 1 year high of $10.85. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 9.40 and a beta of 1.29. The firm has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $9.48. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its 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. The company 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 quarter in the previous year, the company earned $0.58 earnings per share. As a group, analysts anticipate that AGNC Investment will post 1.61 EPS for the current year.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the completion of the sale, the executive vice president now directly owns 374,019 shares of the company's stock, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 48,333 shares of the firm'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,384 shares of company stock valued at $1,228,039. Company insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings 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 increased its holdings in shares of 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 buying an additional 2,311,105 shares in the last quarter. Norges Bank bought a new position in shares of AGNC Investment in the fourth quarter valued at $87,269,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 valued at $80,392,000 after buying an additional 424,990 shares in the last quarter. 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).