Peter Federico Sells 45,797 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 45,797 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $10.16, for a total transaction of $465,297.52. Following the completion of the transaction, the chief executive officer owned 1,603,199 shares of the company’s stock, valued at approximately $16,288,501.84. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AGNC Investment Price Performance

NASDAQ AGNC opened at $10.06 on Thursday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 15.01 and a beta of 1.32. The company has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.45.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same quarter last year, the company posted $0.43 EPS. Analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a yield of 1,417.0%. AGNC Investment’s dividend payout ratio is 214.93%.

Wall Street Analyst Weigh In

Several research firms have commented on AGNC. UBS Group upped their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Piper Sandler increased their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Red Tortoise LLC boosted its holdings in AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 2,185 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in AGNC Investment during the first quarter worth approximately $28,000. Larson Financial Group LLC boosted its holdings in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 2,519 shares in the last quarter. Trust Co. of Vermont boosted its holdings in AGNC Investment by 1,003.0% during the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 3,300 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in AGNC Investment during the first quarter worth approximately $34,000. 38.28% of the stock is currently owned by institutional investors.

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).