AGNC Investment (NASDAQ:AGNC) Shares Up 0.4% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 0.4% during mid-day trading on Monday . The stock traded as high as $10.37 and last traded at $10.35. Approximately 2,029,142 shares traded hands during trading, a decline of 84% from the average daily volume of 12,932,226 shares. The stock had previously closed at $10.31.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AGNC. Keefe, Bruyette & Woods increased their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Royal Bank of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Price Performance

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $9.90. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 11.37 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. During the same quarter in the prior year, the business posted $0.67 EPS. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. As a group, analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after acquiring an additional 32,813 shares during the last quarter. Equity Investment Corp lifted its stake in shares of AGNC Investment by 3.7% in the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock valued at $67,967,000 after purchasing an additional 253,821 shares during the last quarter. Victory Capital Management Inc. raised its holdings in AGNC Investment by 1.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after buying an additional 54,153 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in AGNC Investment by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after buying an additional 290,720 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).