AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price rose 0.1% during trading on Thursday . The company traded as high as $10.50 and last traded at $10.49. Approximately 3,017,121 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 18,892,920 shares. The stock had previously closed at $10.47.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGNC. Argus raised shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Stock Performance

The firm has a fifty day moving average of $9.68 and a 200-day moving average of $9.90. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.29 billion, a P/E ratio of 10.82 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (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%. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s payout ratio is 148.46%.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bernice Bell sold 13,000 shares of the business’s 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 owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

A number of large investors have recently made changes to their positions in AGNC. Hsbc Holdings PLC grew its stake in AGNC Investment by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 970 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of AGNC Investment by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 1,075 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in shares of AGNC Investment by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,150 shares during the period. Garden State Investment Advisory Services LLC increased its stake in AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,176 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,229 shares during the period. Institutional investors own 38.28% of the company’s stock.

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).