AGNC Investment (NASDAQ:AGNC) Shares Down 1% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 1% during trading on Tuesday . The stock traded as low as $9.96 and last traded at $10.03. 6,480,223 shares were traded during trading, a decline of 69% from the average daily volume of 21,062,393 shares. The stock had previously closed at $10.13.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Four 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 currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $8.93 billion, a P/E ratio of 10.06 and a beta of 1.50. The firm’s 50-day moving average is $10.14 and its 200-day moving average is $9.92.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 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%. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 of the company’s stock, valued at $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares during the period. Barclays PLC grew its holdings in AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after buying an additional 71,330 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after buying an additional 242,640 shares during the last quarter. Howard Financial Services LTD. lifted its holdings in shares of AGNC Investment by 195.2% in the fourth quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 35,598 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of AGNC Investment by 35.8% during the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock worth $6,060,000 after acquiring an additional 154,029 shares during the last quarter. 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).