Insider Selling: AGNC Investment (NASDAQ:AGNC) CEO Sells $465,297.52 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 45,797 shares of AGNC Investment stock in a transaction on Friday, October 24th. The stock was sold at an average price of $10.16, for a total value of $465,297.52. Following the sale, the chief executive officer owned 1,603,199 shares of the company’s stock, valued at approximately $16,288,501.84. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AGNC Investment Stock Down 0.6%

NASDAQ:AGNC opened at $10.00 on Friday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 14.93 and a beta of 1.32. The stock has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $9.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.The business had revenue of $903.00 million for the quarter, compared to the consensus estimate of $466.39 million. During the same quarter last year, the business posted $0.43 earnings per share. Analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 1,440.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s payout ratio is presently 214.93%.

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently added to or reduced their stakes in AGNC. Wealth Enhancement Advisory Services LLC raised its holdings in AGNC Investment by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 7,650 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in AGNC Investment by 19.0% in the first quarter. Joel Isaacson & Co. LLC now owns 19,666 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 3,134 shares in the last quarter. KBC Group NV raised its holdings in AGNC Investment by 10.2% in the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 3,081 shares in the last quarter. Amalgamated Bank raised its holdings in AGNC Investment by 10.4% in the first quarter. Amalgamated Bank now owns 45,807 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 4,330 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its holdings in AGNC Investment by 10.3% in the first quarter. Astoria Portfolio Advisors LLC. now owns 116,288 shares of the real estate investment trust’s stock worth $1,114,000 after purchasing an additional 10,873 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AGNC has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Piper Sandler lifted their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, UBS Group lifted their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.18.

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).