AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell Sells 3,500 Shares

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bernice Bell also recently made the following trade(s):

• On Monday, May 6th, Bernice Bell sold 2,000 shares of AGNC Investment stock. The shares were sold at an average price of $9.45, for a total transaction of $18,900.00.

AGNC Investment Trading Up 1.5 %

AGNC stock traded up $0.14 during midday trading on Monday, hitting $9.54. 9,006,079 shares of the company’s stock were exchanged, compared to its average volume of 11,887,267. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.64. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $9.28. The stock has a market capitalization of $6.63 billion, a PE ratio of 10.42 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Barclays increased their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $9.79.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Vaughan Nelson Investment Management L.P. acquired a new position in shares of AGNC Investment in the fourth quarter worth $38,593,000. Citigroup Inc. increased its holdings in AGNC Investment by 103.2% during the 3rd quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 94,332 shares during the period. Van ECK Associates Corp boosted its stake in shares of AGNC Investment by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust’s stock valued at $16,539,000 after buying an additional 78,253 shares during the period. Stifel Financial Corp boosted its stake in shares of AGNC Investment by 48.0% in the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after buying an additional 146,406 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in AGNC Investment during the 3rd quarter worth approximately $3,655,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Company Profile

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).