AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.1% Following Insider Selling

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 0.1% during trading on Friday after an insider sold shares in the company. The stock traded as low as $10.03 and last traded at $10.06. Approximately 2,308,689 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 12,543,030 shares. The stock had previously closed at $10.07.

Specifically, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on AGNC shares. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.00.

AGNC Investment Stock Performance

The company has a market capitalization of $7.32 billion, a PE ratio of 11.05 and a beta of 1.48. The company has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $9.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The firm had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. Analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the 4th quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $31,000. LRI Investments LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth approximately $38,000. Verity & Verity LLC purchased a new position in shares of AGNC Investment during the 1st quarter worth approximately $45,000. Finally, Allworth Financial LP increased its holdings in AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,096 shares during the last quarter. 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).