AGNC Investment (NASDAQ:AGNC) Rating Lowered to Hold at Maxim Group

AGNC Investment (NASDAQ:AGNC) was downgraded by stock analysts at Maxim Group from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.

A number of other research firms have also recently weighed in on AGNC. Keefe, Bruyette & Woods raised their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Janney Montgomery Scott assumed coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Jonestrading cut their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

AGNC Investment Stock Down 0.7 %

AGNC Investment stock opened at $9.87 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.85 and a beta of 1.48. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.64. The business has a fifty day moving average price of $9.82 and a 200-day moving average price of $9.67.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results 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). The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. Equities research analysts forecast that AGNC Investment will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold a total of 10,900 shares of company stock valued at $102,280 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC bought a new stake in AGNC Investment in the fourth quarter worth about $30,000. LRI Investments LLC purchased a new position in AGNC Investment in the 1st quarter worth $38,000. Verity & Verity LLC acquired a new stake in AGNC Investment during the 1st quarter worth about $45,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment during the fourth quarter worth about $46,000. Finally, Allworth Financial LP raised its position in AGNC Investment by 76.5% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,096 shares during the last quarter. 38.28% of the stock is owned by 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).