Insider Selling: AGNC Investment (NASDAQ:AGNC) CEO Sells 67,794 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $8.89, for a total transaction of $602,688.66. Following the transaction, the chief executive officer directly owned 1,913,877 shares of the company’s stock, valued at $17,014,366.53. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Performance

NASDAQ:AGNC traded up $0.09 during mid-day trading on Tuesday, reaching $8.87. The stock had a trading volume of 25,135,481 shares, compared to its average volume of 21,883,959. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 887.89 and a beta of 1.36. AGNC Investment Corp. has a twelve month low of $8.38 and a twelve month high of $12.19. The business has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $10.55.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.58 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 16.2%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 14,400.00%.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in AGNC. Delta Asset Management LLC TN acquired a new position in AGNC Investment during the second quarter worth about $25,000. Danske Bank A S acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $26,000. Avion Wealth increased its stake in shares of AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares in the last quarter. MCF Advisors LLC increased its stake in shares of AGNC Investment by 254.1% during the 2nd quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,728 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment during the 2nd quarter worth approximately $28,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGNC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Friday. Barclays reduced their target price on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 21st. Weiss Ratings lowered shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and an average price target of $10.12.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.