Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells 13,000 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

AGNC Investment Trading Down 0.1 %

Shares of AGNC Investment stock traded down $0.01 during mid-day trading on Monday, hitting $9.96. The stock had a trading volume of 20,905,514 shares, compared to its average volume of 19,869,723. The firm has a 50-day moving average of $9.53 and a two-hundred day moving average of $9.88. The firm has a market cap of $8.82 billion, a P/E ratio of 10.27 and a beta of 1.48. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s dividend payout ratio is presently 148.46%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. Ieq Capital LLC increased its holdings in AGNC Investment by 19.5% in the 4th quarter. Ieq Capital LLC now owns 14,179 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 2,316 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of AGNC Investment by 2.0% during the fourth quarter. Private Advisor Group LLC now owns 187,455 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 3,620 shares during the period. Angel Oak Capital Advisors LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at $281,000. Atria Wealth Solutions Inc. raised its holdings in shares of AGNC Investment by 10.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 452,530 shares of the real estate investment trust’s stock valued at $4,204,000 after buying an additional 43,082 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in AGNC Investment by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 23,517 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 1,449 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGNC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $10.50.

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).