AGNC Investment (NASDAQ:AGNC) Stock Rating Lowered by Jones Trading

AGNC Investment (NASDAQ:AGNC) was downgraded by research analysts at Jones Trading from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Several other analysts also recently weighed in on AGNC. Barclays raised their target price on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.50 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Piper Sandler raised their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.41.

AGNC Investment Trading Up 0.5%

NASDAQ AGNC opened at $11.85 on Thursday. The stock has a market cap of $12.71 billion, a P/E ratio of 17.69 and a beta of 1.36. The company’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $10.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $11.93.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the sale, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of AGNC. Norges Bank acquired a new position in AGNC Investment in the second quarter valued at approximately $109,814,000. SG Americas Securities LLC lifted its holdings in shares of AGNC Investment by 19,632.0% in the 4th quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock worth $33,320,000 after purchasing an additional 3,092,436 shares during the last quarter. Geode Capital Management LLC boosted its position in AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after purchasing an additional 2,461,255 shares during the period. Equity Investment Corp grew its stake in AGNC Investment by 27.0% during the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after buying an additional 1,995,369 shares during the last quarter. Finally, State Street Corp increased its position in AGNC Investment by 12.9% in the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

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.