AGNC Investment (NASDAQ:AGNC) Stock Price Down 0% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 0% on Wednesday . The stock traded as low as $10.38 and last traded at $10.39. 2,595,725 shares were traded during trading, a decline of 84% from the average session volume of 16,015,402 shares. The stock had previously closed at $10.39.

Analyst Upgrades and Downgrades

AGNC has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Stock Down 0.7 %

The stock has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $9.93. The firm has a market cap of $9.35 billion, a PE ratio of 10.53 and a beta of 1.50. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 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%. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. This represents a yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment’s dividend payout ratio is currently 148.45%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company’s stock, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Fourth Dimension Wealth LLC purchased a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new stake in AGNC Investment in the 4th quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment in the third quarter valued at about $32,000. National Bank of Canada FI raised its stake in shares of AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,972 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

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).