AGNC Investment Corp (NASDAQ:AGNC) shares traded -1.02% lower at $9.70 on Wall Street last session.
AGNC stock price is now 0.88% away from the 50-day moving average and 2.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.75B.
With the price target of $10.25, Compass Point recently initiated with Buy rating for AGNC Investment Corp (NASDAQ: AGNC). , while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Kuehl Christopher, EVP, Chief Investment Officer sold 65,000 shares of the company’s stock on Feb 15 ’24. The stock was sold for $605,800 at an average price of $9.32. Upon completion of the transaction, the EVP, Chief Investment Officer now directly owns 651,296 shares in the company, valued at $6.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 26 ’24, EVP, CFO Bell Bernice sold 10,000 shares of the business’s stock. A total of $98,500 was realized by selling the stock at an average price of $9.85. This leaves the insider owning 287,282 shares of the company worth $2.79 million. A total of 0.85% of the company’s stock is owned by insiders.
During the past 12 months, AGNC Investment Corp has had a low of $6.81 and a high of $10.64. The fifty day moving average price for AGNC is $9.61 and a two-hundred day moving average price translates $9.48 for the stock.
The latest earnings results from AGNC Investment Corp (NASDAQ: AGNC) was released for Dec, 2023. The net profit margin was 3.18% and return on equity was 1.92% for AGNC. For the current quarter, analysts expect AGNC to generate $459.78M in revenue.
AGNC Investment Corp(AGNC) Company Profile
AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.
