AGNC Investment (NASDAQ:AGNC) Trading 0.1% Higher – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price shot up 0.1% on Friday . The company traded as high as $9.43 and last traded at $9.39. 3,542,889 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 14,194,306 shares. The stock had previously closed at $9.38.

Wall Street Analyst Weigh In

AGNC has been the topic of several analyst reports. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Price Performance

The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 6.47 and a beta of 1.47. The company’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $9.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the business posted $0.65 earnings per share. Research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment’s payout ratio is presently 100.00%.

Institutional Trading of AGNC Investment

Several hedge funds and other institutional investors have recently bought and sold shares of AGNC. Riverview Trust Co bought a new position in shares of AGNC Investment during the third quarter worth approximately $25,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment in the 3rd quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares in the last quarter. Institutional investors and hedge funds 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).