AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.6% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC) shares were up 0.6% during trading on Friday . The stock traded as high as $9.69 and last traded at $9.70. Approximately 3,330,391 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 16,855,680 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AGNC shares. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.64.

AGNC Investment Trading Up 0.4 %

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $9.50 and its 200 day simple moving average is $9.90. The stock has a market capitalization of $8.57 billion, a P/E ratio of 6.72 and a beta of 1.47.

AGNC Investment Announces Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s payout ratio is 100.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in shares of AGNC Investment during the 3rd quarter worth $25,000. Financial Life Planners acquired a new position in shares of AGNC Investment in the 4th quarter valued at $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment in the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. lifted its stake in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. 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).