AGNC Investment (NASDAQ:AGNC) Shares Up 0.2% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 0.2% during trading on Wednesday . The company traded as high as $9.47 and last traded at $9.47. Approximately 10,784,664 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 14,222,621 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

A number of research firms have weighed in on AGNC. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Stock Performance

The company has a 50-day moving average of $9.63 and a 200-day moving average of $9.94. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 6.51 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period last year, the company posted $0.65 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment’s payout ratio is currently 100.00%.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. CIBC Asset Management Inc grew its stake in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,012 shares during the last quarter. Paragon Capital Management Ltd grew its position in shares of AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 1,071 shares during the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of AGNC Investment by 10.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 1,176 shares during the period. Oak Thistle LLC lifted its position in AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).