JPMorgan Chase & Co. Reiterates Neutral Rating for AGNC Investment (NASDAQ:AGNC)

AGNC Investment (NASDAQ:AGNC)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Friday, MarketBeat.com reports. They currently have a $11.50 price target on the real estate investment trust’s stock, up from their prior price target of $11.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 2.50% from the stock’s previous close.

A number of other equities analysts have also weighed in on AGNC. UBS Group increased their price target on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. Finally, Piper Sandler lifted their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.33.

AGNC Investment Stock Down 1.8%

AGNC opened at $11.22 on Friday. The firm has a market cap of $12.88 billion, a PE ratio of 9.27 and a beta of 1.31. The business has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $10.82. AGNC Investment has a fifty-two week low of $9.11 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, equities research analysts anticipate that AGNC Investment will post 1.57 EPS for the current fiscal year.

Insider Transactions at AGNC Investment

In other news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares in the company, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 215,234 shares of company stock valued at $2,364,022 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after buying an additional 1,304,782 shares during the period. International Assets Investment Management LLC raised its stake in AGNC Investment by 43.1% during the 4th quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock valued at $5,216,000 after purchasing an additional 146,508 shares during the last quarter. JPMorgan Chase & Co. raised its stake in AGNC Investment by 29.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after purchasing an additional 325,104 shares during the last quarter. Trivium Point Advisory LLC boosted its holdings in AGNC Investment by 18.9% in the 4th quarter. Trivium Point Advisory LLC now owns 1,355,114 shares of the real estate investment trust’s stock valued at $14,527,000 after purchasing an additional 215,586 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in AGNC Investment by 187.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after purchasing an additional 512,574 shares during the period. 38.28% of the stock is owned by institutional investors.

About AGNC Investment

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.