Peter J. Federico Sells 48,333 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter J. Federico sold 48,333 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the sale, the chief executive officer now directly owns 1,691,421 shares of the company’s stock, valued at $14,715,362.70. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AGNC Investment Price Performance

NASDAQ AGNC opened at $9.07 on Wednesday. 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 has a market cap of $8.30 billion, a P/E ratio of 9.35 and a beta of 1.32. The stock’s 50-day moving average is $9.50 and its two-hundred day moving average is $9.64. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same period last year, the business posted $0.58 EPS. On average, analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment’s dividend payout ratio (DPR) is presently 360.00%.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Vanguard Group Inc. grew its position in AGNC Investment by 14.1% in the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock worth $767,348,000 after purchasing an additional 10,316,999 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust’s stock valued at $162,828,000 after buying an additional 2,589,020 shares during the period. Geode Capital Management LLC grew its position in AGNC Investment by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust’s stock worth $134,645,000 after buying an additional 2,311,105 shares in the last quarter. Norges Bank bought a new position in AGNC Investment during the fourth quarter valued at about $87,269,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in AGNC Investment by 5.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock valued at $80,392,000 after acquiring an additional 424,990 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AGNC shares. Jones Trading cut their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $9.96.

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).