Gary Kain Sells 700,000 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Gary Kain sold 700,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AGNC Investment Stock Performance

AGNC Investment stock traded down $0.57 during trading hours on Friday, hitting $11.40. The company had a trading volume of 40,406,857 shares, compared to its average volume of 22,690,707. The firm has a 50-day moving average of $10.96 and a 200 day moving average of $10.25. The firm has a market cap of $12.23 billion, a PE ratio of 8.14 and a beta of 1.36. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.31 and a quick ratio of 0.31.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $354.75 million. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 12.6%. AGNC Investment’s dividend payout ratio is presently 102.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 29th. Piper Sandler increased their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. JPMorgan Chase & Co. raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company boosted their price target on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and a consensus price target of $11.03.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PVG Asset Management Corp purchased a new position in shares of AGNC Investment in the 4th quarter worth approximately $215,000. Simplicity Wealth LLC increased its holdings in shares of AGNC Investment by 15.2% in the fourth quarter. Simplicity Wealth LLC now owns 234,902 shares of the real estate investment trust’s stock valued at $2,518,000 after purchasing an additional 30,954 shares during the period. Archer Investment Corp lifted its holdings in shares of AGNC Investment by 1,191.7% during the fourth quarter. Archer Investment Corp now owns 3,720 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 3,432 shares during the period. M&T Bank Corp increased its holdings in AGNC Investment by 109.6% in the 4th quarter. M&T Bank Corp now owns 33,109 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 17,312 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in AGNC Investment by 6.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 155,704 shares of the real estate investment trust’s stock valued at $1,669,000 after acquiring an additional 9,599 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.