Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells 2,000 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 2,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $9.45, for a total value of $18,900.00. Following the completion of the sale, the chief financial officer now owns 307,973 shares of the company’s stock, valued at $2,910,344.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 2nd, Bernice Bell sold 3,500 shares of AGNC Investment stock. The stock was sold at an average price of $9.32, for a total value of $32,620.00.

AGNC Investment Trading Up 0.1 %

Shares of AGNC Investment stock opened at $9.53 on Thursday. The firm has a market cap of $6.62 billion, a PE ratio of 10.47 and a beta of 1.45. The stock has a fifty day moving average price of $9.53 and a 200-day moving average price of $9.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64.

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

AGNC Investment Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be given a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio is currently 158.24%.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent analyst reports. Compass Point initiated coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Jonestrading decreased 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. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Barclays raised their target price on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. lifted its stake in shares of AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,059 shares in the last quarter. Portside Wealth Group LLC lifted its stake in shares of AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 1,147 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 1,238 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in shares of AGNC Investment by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 1,251 shares in the last quarter. Finally, Consolidated Portfolio Review Corp lifted its stake in shares of AGNC Investment by 2.3% during the 4th quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 1,341 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

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).