Bernice Bell Sells 25,000 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the sale, the executive vice president directly owned 491,728 shares in the company, valued at $5,969,577.92. This trade represents a 4.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

AGNC Investment Stock Performance

AGNC traded down $0.57 on Friday, reaching $11.40. The company had a trading volume of 40,406,857 shares, compared to its average volume of 22,690,707. The stock has a 50-day moving average price of $10.96 and a 200-day moving average price of $10.25. The stock has a market capitalization of $12.23 billion, a PE ratio of 8.14 and a beta of 1.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The business had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $354.75 million. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AGNC. Piper Sandler increased their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Barclays raised their target price on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada increased their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and a consensus price target of $11.03.

Institutional Trading of AGNC Investment

Several institutional investors have recently modified their holdings of AGNC. Norges Bank acquired a new stake in AGNC Investment in the 2nd quarter valued at $109,814,000. SG Americas Securities LLC increased its holdings in AGNC Investment by 19,632.0% during the 4th quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock worth $33,320,000 after acquiring an additional 3,092,436 shares during the period. Geode Capital Management LLC lifted its position in AGNC Investment by 10.9% during the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after purchasing an additional 2,461,255 shares during the last quarter. Equity Investment Corp boosted its stake in shares of AGNC Investment by 27.0% in the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock valued at $86,298,000 after purchasing an additional 1,995,369 shares in the last quarter. Finally, State Street Corp increased its stake in shares of AGNC Investment by 12.9% in the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.