Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells 3,500 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was 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 in the company, valued at approximately $2,888,948.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, May 6th, Bernice Bell sold 2,000 shares of AGNC Investment stock. The stock was sold at an average price of $9.45, for a total transaction of $18,900.00.

AGNC Investment Trading Down 0.2 %

NASDAQ:AGNC opened at $9.52 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The stock has a market cap of $6.62 billion, a P/E ratio of 10.46 and a beta of 1.45. The stock has a 50-day simple moving average of $9.52 and a 200-day simple moving average of $9.30.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. 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 company posted $0.70 earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Analysts Set New Price Targets

Several equities analysts have commented on AGNC shares. Jonestrading dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $9.79.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of the stock. Atomi Financial Group Inc. increased its position in shares of AGNC Investment by 17.0% during the first quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 3,663 shares in the last quarter. Significant Wealth Partners LLC grew its stake in AGNC Investment by 778.8% during the 1st quarter. Significant Wealth Partners LLC now owns 228,286 shares of the real estate investment trust’s stock worth $2,260,000 after buying an additional 202,308 shares during the last quarter. Swiss National Bank grew its stake in AGNC Investment by 11.0% during the 1st quarter. Swiss National Bank now owns 1,325,200 shares of the real estate investment trust’s stock worth $13,119,000 after buying an additional 130,800 shares during the last quarter. Equity Investment Corp increased its position in AGNC Investment by 16.2% during the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock worth $68,019,000 after buying an additional 957,139 shares during the period. Finally, Insight Advisors LLC PA purchased a new stake in AGNC Investment in the first quarter valued at approximately $144,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).