AGNC Investment (NASDAQ:AGNC) Trading Down 0% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC) dropped 0% during mid-day trading on Tuesday . The stock traded as low as $10.10 and last traded at $10.14. Approximately 6,649,062 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 18,978,930 shares. The stock had previously closed at $10.14.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGNC. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Royal Bank of Canada restated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their target price 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. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Up 0.1 %

The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 10.47 and a beta of 1.48. The stock’s 50 day moving average is $9.57 and its 200 day moving average is $9.88. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly 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%. Analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $0.12 dividend. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s payout ratio is 148.46%.

Insider Activity

In related news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of AGNC Investment in the 3rd quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in AGNC Investment during the 4th quarter valued at $28,000. Point72 Asset Management L.P. purchased a new stake in shares of AGNC Investment in the third quarter valued at $32,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).