AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.6% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as $10.44 and last traded at $10.43. 2,507,906 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 12,915,358 shares. The stock had previously closed at $10.37.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AGNC shares. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Compass Point increased their price objective on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Performance

The stock’s 50 day moving average is $10.28 and its 200 day moving average is $9.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 11.49 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.12 dividend. This represents a yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at $3,072,574.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.52% 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 AGNC. Teamwork Financial Advisors LLC bought a new position in AGNC Investment during the 3rd quarter worth approximately $108,000. SeaCrest Wealth Management LLC increased its position in shares of AGNC Investment by 49.6% during the third quarter. SeaCrest Wealth Management LLC now owns 66,228 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 21,960 shares during the period. Magnus Financial Group LLC bought a new position in AGNC Investment during the third quarter worth $112,000. Creative Planning lifted its holdings in AGNC Investment by 11.7% in the third quarter. Creative Planning now owns 189,905 shares of the real estate investment trust’s stock valued at $1,984,000 after buying an additional 19,965 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in AGNC Investment during the third quarter valued at $17,463,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Company Profile

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).