AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
AGNC Investment Stock Performance
Shares of AGNC stock traded up $0.02 during trading on Thursday, hitting $10.92. The company had a trading volume of 24,181,976 shares, compared to its average volume of 18,846,273. The firm has a market capitalization of $12.54 billion, a P/E ratio of 5.75 and a beta of 1.31. AGNC Investment Corp. has a one year low of $9.31 and a one year high of $12.19. The stock’s 50-day moving average price is $10.64 and its 200 day moving average price is $10.81.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same period in the previous year, the firm earned ($0.17) EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
Hedge Funds Weigh In On AGNC Investment
A number of institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its stake in AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 900 shares during the last quarter. Spinnaker Investment Group LLC boosted its position in AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 1,014 shares in the last quarter. Key Client Fiduciary Advisors LLC grew its stake in shares of AGNC Investment by 17.2% during the second quarter. Key Client Fiduciary Advisors LLC now owns 41,853 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 6,143 shares during the last quarter. Steadtrust LLC grew its stake in shares of AGNC Investment by 6.8% during the second quarter. Steadtrust LLC now owns 94,592 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 6,000 shares during the last quarter. Finally, Focus Financial Network Inc. acquired a new position in shares of AGNC Investment during the second quarter worth $139,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. UBS Group lifted their price target on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $11.11.
View Our Latest Research Report on AGNC
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.
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