JPMorgan Chase & Co. Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $8.50

AGNC Investment (NASDAQ:AGNC) had its target price dropped by JPMorgan Chase & Co. from $9.50 to $8.50 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.07% from the company’s current price.

AGNC has been the topic of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.36.

AGNC Investment Stock Down 0.4 %

AGNC Investment stock opened at $8.41 on Wednesday. The firm has a 50 day simple moving average of $9.85 and a 200 day simple moving average of $9.76. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.85. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 8.67 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock worth $767,348,000 after purchasing an additional 10,316,999 shares during the last quarter. Norges Bank purchased a new position in shares of AGNC Investment during the fourth quarter valued at approximately $87,269,000. PL Capital Advisors LLC increased its stake in shares of AGNC Investment by 821.0% during the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock valued at $50,332,000 after buying an additional 4,871,584 shares during the period. Raymond James Financial Inc. bought a new position in shares of AGNC Investment during the fourth quarter valued at approximately $39,840,000. Finally, Geode Capital Management LLC lifted its stake in AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust’s stock worth $134,645,000 after acquiring an additional 2,311,105 shares during the period. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

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).