Bernice Bell Sells 3,500 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bernice Bell also recently made the following trade(s):

• On Monday, May 6th, Bernice Bell sold 2,000 shares of AGNC Investment stock. The shares were sold at an average price of $9.45, for a total value of $18,900.00.

AGNC Investment Stock Up 1.5 %

Shares of NASDAQ AGNC opened at $9.54 on Tuesday. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.64. The business’s 50 day moving average is $9.53 and its two-hundred day moving average is $9.29. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 10.48 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same quarter in the prior year, the company earned $0.70 EPS. Research analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in AGNC. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new stake in AGNC Investment during the 4th quarter worth about $37,000. Verity & Verity LLC acquired a new stake in AGNC Investment in the 1st quarter valued at about $45,000. CENTRAL TRUST Co purchased a new position in shares of AGNC Investment in the 4th quarter valued at about $46,000. Finally, Allworth Financial LP grew its position in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AGNC. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Barclays boosted their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, Jonestrading cut their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.79.

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).