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

AGNC Investment Corp. (NASDAQ:AGNC) shares rose 0.6% on Monday . The company traded as high as $10.35 and last traded at $10.31. Approximately 4,614,716 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 15,974,079 shares. The stock had previously closed at $10.24.

Analysts Set New Price Targets

A number of equities research analysts have commented on AGNC shares. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Stock Performance

The firm has a market capitalization of $9.51 billion, a PE ratio of 10.71 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.93.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment’s payout ratio is currently 148.45%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Hsbc Holdings PLC grew its position in AGNC Investment by 5.6% during the 4th quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 970 shares in the last quarter. CIBC Asset Management Inc grew its position in AGNC Investment by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 1,075 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 1,150 shares in the last quarter. Garden State Investment Advisory Services LLC grew its position in AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,176 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,229 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

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).