AGNC Investment (NASDAQ:AGNC) Stock: Insider Peter Federico Sells 67,794 Shares

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the sale, the chief executive officer owned 1,846,083 shares in the company, valued at $16,374,756.21. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Down 0.1%

AGNC Investment stock opened at $8.86 on Thursday. AGNC Investment Corp. has a 52-week low of $8.38 and a 52-week high of $12.19. The firm’s fifty day moving average is $9.67 and its 200 day moving average is $10.53. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 886.89 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.3%. AGNC Investment’s dividend payout ratio (DPR) is presently 14,400.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler reduced their price objective on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Royal Bank Of Canada lowered their price objective on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Barclays lowered their price objective on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lifted their target price on AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Wells Fargo & Company cut their target price on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.12.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in AGNC Investment during the 2nd quarter valued at about $704,076,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in AGNC Investment in the 2nd quarter worth about $4,062,000. QRG Capital Management Inc. lifted its stake in AGNC Investment by 921.8% in the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock worth $5,724,000 after purchasing an additional 514,804 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in AGNC Investment in the second quarter worth about $3,560,000. Finally, Legal & General Group Plc bought a new stake in AGNC Investment in the second quarter worth about $10,884,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.