AGNC Investment (NASDAQ:AGNC) Shares Up 0.4% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price traded up 0.4% during mid-day trading on Monday . The company traded as high as $10.37 and last traded at $10.35. 2,029,142 shares traded hands during trading, a decline of 84% from the average session volume of 12,932,226 shares. The stock had previously closed at $10.31.

Analysts Set New Price Targets

AGNC has been the topic of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

The firm has a market capitalization of $7.63 billion, a P/E ratio of 11.58 and a beta of 1.47. The firm has a 50-day moving average of $10.27 and a 200-day moving average of $9.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business’s revenue was up 52.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. As a group, analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued 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 payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after acquiring an additional 2,368,658 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of AGNC Investment by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after purchasing an additional 32,813 shares during the period. Equity Investment Corp increased its stake in shares of AGNC Investment by 3.7% in the second quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock worth $67,967,000 after purchasing an additional 253,821 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of AGNC Investment by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after purchasing an additional 54,153 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in AGNC Investment by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock worth $45,860,000 after buying an additional 290,720 shares during the period. 38.28% of the stock is currently 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).