Bernice Bell Sells 13,000 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AGNC Investment Stock Up 0.4 %

AGNC stock opened at $10.11 on Thursday. 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 Corp. has a 52 week low of $8.92 and a 52 week high of $10.85. The stock has a market capitalization of $8.95 billion, a PE ratio of 10.42 and a beta of 1.48. The firm has a 50 day moving average of $9.55 and a 200 day moving average of $9.88.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s dividend payout ratio is presently 148.46%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AGNC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after buying an additional 9,639,675 shares during the period. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after acquiring an additional 242,640 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 worth $80,392,000 after purchasing an additional 424,990 shares during the last quarter. Equity Investment Corp lifted its position in AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after purchasing an additional 149,775 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AGNC Investment by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).