AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2% Following Insider Selling

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was down 0.2% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $8.77 and last traded at $8.80. Approximately 10,059,786 shares changed hands during trading, a decline of 48% from the average daily volume of 19,376,274 shares. The stock had previously closed at $8.81.

Specifically, EVP Bernice Bell sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the transaction, the executive vice president now owns 374,019 shares in the company, valued at $3,321,288.72. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of AGNC Investment stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $8.88, for a total value of $429,197.04. Following the completion of the sale, the chief executive officer now owns 1,643,088 shares in the company, valued at approximately $14,590,621.44. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other AGNC Investment news, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the transaction, the chief executive officer now owns 1,691,421 shares of the company’s stock, valued at $14,715,362.70. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Argus reissued a “hold” rating on shares of AGNC Investment in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Jones Trading decreased their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average target price of $9.96.

AGNC Investment Stock Down 0.2 %

The firm has a 50-day moving average of $9.40 and a two-hundred day moving average of $9.62. 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 company has a market capitalization of $8.05 billion, a PE ratio of 9.06 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period in the prior year, the business posted $0.58 EPS. Equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment’s dividend payout ratio is currently 360.00%.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in shares of AGNC Investment by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 970 shares during the period. CIBC Asset Management Inc boosted its holdings in AGNC Investment by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 1,075 shares during the period. Armstrong Advisory Group Inc. grew its position in AGNC Investment by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,150 shares in the last quarter. CoreCap Advisors LLC grew its position in AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,229 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in AGNC Investment by 2.9% during the fourth quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 1,303 shares during the period. Hedge funds and other 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).