AGNC Investment (NASDAQ:AGNC) Shares Down 0.5% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) were down 0.5% during trading on Tuesday . The stock traded as low as $9.38 and last traded at $9.54. Approximately 8,919,174 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 16,699,434 shares. The stock had previously closed at $9.58.

Analyst Ratings Changes

AGNC has been the subject of several research analyst reports. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Stock Down 0.1 %

The firm has a 50 day moving average of $10.13 and a two-hundred day moving average of $9.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.68 billion, a PE ratio of 9.77 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment’s payout ratio is currently 148.45%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in AGNC Investment by 14.1% during 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 acquiring an additional 10,316,999 shares in the last quarter. Norges Bank acquired a new position in AGNC Investment during the 4th quarter worth $87,269,000. PL Capital Advisors LLC increased its position in shares of AGNC Investment by 821.0% in the 4th quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock worth $50,332,000 after purchasing an additional 4,871,584 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of AGNC Investment in the 4th quarter valued at about $39,840,000. Finally, Geode Capital Management LLC lifted its holdings in AGNC Investment by 18.8% during the 4th 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 during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).