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 AGNC Investment stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $8.89, for a total value of $602,688.66. Following the sale, the chief executive officer owned 1,913,877 shares in the company, valued at $17,014,366.53. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Down 0.1%

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

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. Equities research analysts expect that AGNC Investment Corp. will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGNC. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings lowered shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Friday, July 17th. Wells Fargo & Company dropped their price target 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. Finally, Piper Sandler cut their price target 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. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, AGNC Investment has a consensus rating of “Hold” and a consensus target price of $10.12.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB increased its position in AGNC Investment by 0.3% during the second quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after acquiring an additional 900 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of AGNC Investment by 1.4% during the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 988 shares during the last quarter. Spinnaker Investment Group LLC grew its position in shares of AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after acquiring an additional 1,014 shares during the period. NWF Advisory Services Inc. grew its position in shares of AGNC Investment by 8.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,026 shares during the period. Finally, World Investment Advisors grew its position in shares of AGNC Investment by 5.5% during the 1st quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 1,064 shares during the period. 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.