Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells $130,520.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AGNC Investment Stock Up 0.4 %

Shares of NASDAQ:AGNC opened at $10.11 on Thursday. The firm has a market capitalization of $8.95 billion, a PE ratio of 10.42 and a beta of 1.48. The business has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $9.88. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, equities analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in shares of AGNC Investment during the third quarter worth approximately $25,000. Financial Life Planners bought a new position in AGNC Investment in the fourth quarter worth approximately $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment during the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its position in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares during the period. Institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGNC. Wells Fargo & Company reduced their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered 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. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned 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 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).