AGNC Investment (NASDAQ:AGNC) Shares Up 0.3% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) were up 0.3% during trading on Wednesday . The stock traded as high as $10.35 and last traded at $10.34. Approximately 3,042,390 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 12,964,430 shares. The stock had previously closed at $10.31.

Analyst Ratings Changes

Several research analysts recently issued reports on AGNC shares. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Performance

The stock’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $9.88. The company has a market cap of $7.52 billion, a PE ratio of 11.36 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 52.1% on a year-over-year basis. As a group, research analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 13.93%. AGNC Investment’s payout ratio is 158.24%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AGNC. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment in the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 52.2% in the second 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 during the last quarter. LRI Investments LLC acquired a new stake in AGNC Investment during the 1st quarter valued at approximately $38,000. Quarry LP increased its holdings in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,275 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AGNC Investment in the 1st quarter valued at approximately $53,000. 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).