Insider Selling: AGNC Investment (NASDAQ:AGNC) CEO Sells $601,332.78 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,846,083 shares in the company, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Trading Up 1.0%

Shares of NASDAQ AGNC traded up $0.09 during midday trading on Tuesday, reaching $8.87. The company had a trading volume of 25,135,481 shares, compared to its average volume of 21,883,959. The business’s 50-day simple moving average is $9.76 and its 200 day simple moving average is $10.55. The stock has a market cap of $10.52 billion, a P/E ratio of 887.89 and a beta of 1.36. AGNC Investment Corp. has a 1 year low of $8.38 and a 1 year high of $12.19.

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

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.2%. AGNC Investment’s payout ratio is currently 14,400.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in shares of AGNC Investment by 9.8% in the third quarter. Oppenheimer & Co. Inc. now owns 41,362 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 3,691 shares during the last quarter. Park Avenue Securities LLC raised its position in AGNC Investment by 10.4% during the third quarter. Park Avenue Securities LLC now owns 114,162 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 10,735 shares in the last quarter. Sigma Planning Corp lifted its holdings in AGNC Investment by 9.8% in the third quarter. Sigma Planning Corp now owns 125,375 shares of the real estate investment trust’s stock valued at $1,137,000 after acquiring an additional 11,186 shares during the period. Simplicity Wealth LLC lifted its holdings in AGNC Investment by 18.4% in the third quarter. Simplicity Wealth LLC now owns 252,799 shares of the real estate investment trust’s stock valued at $2,293,000 after acquiring an additional 39,316 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in AGNC Investment by 2.8% in the third quarter. Sowell Financial Services LLC now owns 274,300 shares of the real estate investment trust’s stock valued at $2,488,000 after acquiring an additional 7,357 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGNC shares. Wells Fargo & Company cut their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Barclays decreased their target price on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 21st. Piper Sandler dropped their target price on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Weiss Ratings downgraded shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.12.

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.