AGNC Investment (NASDAQ:AGNC) Stock Price Down 1% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 1% during trading on Tuesday . The stock traded as low as $9.96 and last traded at $10.03. 6,480,223 shares traded hands during trading, a decline of 69% from the average session volume of 21,062,393 shares. The stock had previously closed at $10.13.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Argus raised AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Performance

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 firm’s 50 day moving average price is $10.12 and its 200-day moving average price is $9.93. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 10.23 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, analysts anticipate 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 mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment’s dividend payout ratio is presently 148.45%.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently modified their holdings of AGNC. California State Teachers Retirement System grew its position in AGNC Investment by 5.4% in the fourth quarter. California State Teachers Retirement System now owns 734,414 shares of the real estate investment trust’s stock valued at $6,764,000 after acquiring an additional 37,683 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AGNC Investment by 96.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 54,049 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of AGNC Investment by 19.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 49,433 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 8,103 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of AGNC Investment by 176.2% during the 4th quarter. AlphaCore Capital LLC now owns 69,946 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 44,624 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in AGNC Investment during the 4th quarter valued at about $169,000. 38.28% of the stock is currently owned by 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).