AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) saw some unusual options trading on Thursday. Investors bought 95,960 put options on the company. This represents an increase of 231% compared to the typical volume of 28,986 put options.
AGNC Investment Stock Down 1.8%
Shares of NASDAQ:AGNC opened at $8.79 on Friday. The firm has a market cap of $10.42 billion, a P/E ratio of 4.63 and a beta of 1.36. AGNC Investment has a 12-month low of $8.77 and a 12-month high of $12.19. The business has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $10.51.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities research analysts expect that AGNC Investment will post 1.6 EPS for the current year.
AGNC Investment Dividend Announcement
Wall Street Analysts Forecast Growth
AGNC has been the subject of several research reports. Wells Fargo & Company dropped their target price 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. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Piper Sandler upped their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.11.
Get Our Latest Analysis on AGNC Investment
Insider Activity at AGNC Investment
In related news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.
Institutional Trading of AGNC Investment
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional increased its position in shares of AGNC Investment by 407.3% during the third quarter. CX Institutional now owns 7,087 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 5,690 shares during the period. GoalVest Advisory LLC lifted its holdings in AGNC Investment by 11.8% in the third quarter. GoalVest Advisory LLC now owns 108,379 shares of the real estate investment trust’s stock valued at $983,000 after buying an additional 11,430 shares during the period. Greenwich Wealth Management LLC bought a new stake in AGNC Investment during the second quarter valued at $175,000. QRG Capital Management Inc. boosted its position in AGNC Investment by 25.0% during the second quarter. QRG Capital Management Inc. now owns 713,525 shares of the real estate investment trust’s stock valued at $7,777,000 after acquiring an additional 142,875 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in AGNC Investment during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 38.28% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company’s investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.
AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.
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