JPMorgan Chase & Co. Issues Pessimistic Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC) had its price objective cut by JPMorgan Chase & Co. from $9.50 to $8.50 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.07% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.36.

AGNC Investment Stock Down 0.4 %

Shares of NASDAQ:AGNC opened at $8.41 on Wednesday. The business’s 50-day moving average is $9.85 and its 200-day moving average is $9.76. AGNC Investment has a 1 year low of $7.85 and a 1 year high of $10.85. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 8.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly 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%. Equities research analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of the 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 sale, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently made changes to their positions in the business. Simplicity Wealth LLC purchased a new stake in shares of AGNC Investment during the 1st quarter worth approximately $2,954,000. Wealthcare Advisory Partners LLC grew its holdings in AGNC Investment by 14.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 2,465 shares during the period. Yousif Capital Management LLC increased its position in AGNC Investment by 24.2% in the first quarter. Yousif Capital Management LLC now owns 42,048 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 8,194 shares during the last quarter. Selective Wealth Management Inc. bought a new stake in shares of AGNC Investment in the first quarter valued at $176,000. Finally, Capital Investment Advisors LLC purchased a new position in shares of AGNC Investment during the 1st quarter valued at $99,000. 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).