AGNC Investment (NASDAQ:AGNC) Stock Price Down 2% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC) fell 2% on Friday . The stock traded as low as $9.54 and last traded at $9.57. 9,647,835 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 16,452,458 shares. The stock had previously closed at $9.76.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGNC. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Four equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Price Performance

The firm has a market cap of $8.72 billion, a P/E ratio of 9.82 and a beta of 1.50. The business’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $9.92. 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 released 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%. As a group, analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the firm’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 transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Spark sold 5,000 shares of the company’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 transaction, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of AGNC Investment

Large investors have recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new stake in AGNC Investment in the fourth quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the 3rd quarter worth $32,000. National Bank of Canada FI lifted its holdings in shares of AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Spire Wealth Management increased its holdings 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 buying an additional 1,972 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).