AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.6% – Here’s What Happened

by · The Cerbat Gem

Shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) traded up 0.6% during mid-day trading on Monday . The stock traded as high as $9.41 and last traded at $9.37. 6,245,959 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 13,762,549 shares. The stock had previously closed at $9.31.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AGNC shares. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Compass Point increased their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

View Our Latest Analysis on AGNC Investment

AGNC Investment Trading Up 0.4 %

The company has a market cap of $7.32 billion, a PE ratio of 6.51 and a beta of 1.47. 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 fifty day moving average of $10.23 and a two-hundred day moving average of $9.94.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid 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 currently 100.00%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the sale, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

Hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp raised its holdings in AGNC Investment by 6.3% in the third quarter. Sigma Planning Corp now owns 121,769 shares of the real estate investment trust’s stock worth $1,274,000 after buying an additional 7,222 shares during the last quarter. Atria Investments Inc increased its holdings in AGNC Investment by 5.4% in the 3rd quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 1,564 shares in the last quarter. Hollencrest Capital Management raised its position in AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock worth $2,327,000 after buying an additional 1,290 shares during the last quarter. AIA Group Ltd lifted its stake in AGNC Investment by 289.0% during the 3rd quarter. AIA Group Ltd now owns 141,554 shares of the real estate investment trust’s stock valued at $1,481,000 after acquiring an additional 105,167 shares during the period. Finally, Mainstream Capital Management LLC purchased a new stake in shares of AGNC Investment during the 3rd quarter valued at about $126,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Company Profile

(Get Free Report)

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).

Further Reading