AGNC Investment (NASDAQ:AGNC) Stock Price Up 3.6% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) shares shot up 3.6% during mid-day trading on Tuesday . The stock traded as high as $9.05 and last traded at $8.97. 13,497,751 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 23,221,691 shares. The stock had previously closed at $8.66.

Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Four investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Stock Down 0.3 %

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $10.09 and a two-hundred day moving average price of $9.86. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 8.89 and a beta of 1.32.

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 the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred 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 $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $26,000. Financial Life Planners bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $28,000. Point72 Asset Management L.P. acquired a new stake in AGNC Investment during the third quarter worth about $32,000. National Bank of Canada FI lifted its holdings in AGNC Investment by 112.7% in the fourth 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 boosted its stake in 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 valued at $37,000 after acquiring an additional 1,972 shares during the period. 38.28% of the stock is currently owned by 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).