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 transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $9.45, for a total transaction of $18,900.00.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $9.52 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $9.52 and its two-hundred day moving average is $9.30. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.64. The company has a market capitalization of $6.62 billion, a PE ratio of 10.46 and a beta of 1.45.

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

AGNC Investment Announces Dividend

The business also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Institutional Trading of AGNC Investment

A number of large investors have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC purchased a new position in AGNC Investment during the 4th quarter worth $30,000. Bruce G. Allen Investments LLC bought a new position in shares of AGNC Investment during the 4th quarter worth $37,000. Verity & Verity LLC bought a new position in shares of AGNC Investment during the 1st quarter worth $45,000. CENTRAL TRUST Co purchased a new position in shares of AGNC Investment during the fourth quarter valued at $46,000. Finally, Allworth Financial LP raised its holdings in shares of AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of analyst reports. Jonestrading lowered their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Barclays raised their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. Royal Bank of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

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).