Director Harvey Larry K acquired 4,000 shares in AGNC Investment Corp. (NASDAQ:AGNC) for $58,784 in transaction occurred on 2018/10/30. After making this transaction, the Director owns a direct stake of 70,960 shares, worth $1,023,429, as per the last closing price. On 2018/09/04 Davis Morris A., Director at AGNC, dumped 6,797 shares at an average price of $19.12 per share. The selling total is valued at $356,609.
Separately, it had been reported that some other AGNC insiders also took part of the insider trading activity. EVP and CFO, Federico Peter J had divested 13,500 shares for $324,109 through a trade on 2018/02/09. Following this activity, the insider holds 250,290 shares worth $5,642,738 as of recent close. Wall Street’s most bullish AGNC Investment Corp. (NASDAQ:AGNC) analysts are predicting the share price to blow past $18.5 per share during the next 12 months. The current median share price forecast by them is $17.75, suggesting that the stock could increase 1.95% in that time frame. The average price target of $17.66 calls for a nearly 1.44% increase in the stock price.
AGNC Investment Corp. (AGNC) trading activity significantly weakened as the volume at ready counter decreased to 6,228,472 shares versus 9,014,635 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,106,391 shares. The share price dropped -0.51% in recent trade and currently has a stock-market value of $9.13B. The shares finished at $17.41, after trading as low as $17.38 earlier in the session. It hit an intraday high Friday at $17.55. The stock is now 0.87% above against its bear-market low of $17.26 on November 15, 2018. It has retreated -19.7% since it’s 52-week high of $20.84 reached in December. Now the market price is down -14.74% on the year and down -13.77% YTD.
AGNC’s 50 day simple moving average (SMA 50) price is $18.08 and its 200-day simple moving average (SMA 200) price is $18.72. The company’s stock currently has a total float of 519.95M shares. Its weekly volatility is hovering around 1.27% and felt 1.26% volatility in price over a month. On the upside, the share price will test short term resistance at around $17.51. On a downside, the stock is likely to find some support, which begins at $17.34. The failure to get near-term support could push it to $17.28.
It had seen a change in price target from analysts at Barclays, who reiterated the stock at Equal Weight on October 26 but moved PT from $19 to $18. Analysts at BofA/Merrill, shed their negative views on February 01 by lifting it fromUnderperform to Neutral. Analysts at Wells Fargo, made their first call about the stock on December 01, recommending it is Market Perform.
When looking at valuations, AGNC Investment Corp. (AGNC) has a cheap P/E of 5.5x as compared to industry average of 36.02x. Moreover, it trades for 7.4 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.88x price/book and 3.89x price/sales. Compared to others, AGNC Investment Corp. is in a different league with regards to profitability, having net margins of 54.6%. To put some perspective around this, the industry’s average net margin is 37.56%. AGNC’s ROE is 15.2%, which is also considerably better than the industry’s ROE of 14.41%.
Shares of AGNC Investment Corp. (AGNC) have gained 13.8% since the company’s last earnings report. Over the past 12 fiscal quarters, AGNC Investment Corp. (NASDAQ:AGNC) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 4 quarters (33%), whereas at 2 occasion EPS met analyst expectations. AGNC last reported earnings on October 24, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.61 per share, -85.3% change on the same period last year. That was better than consensus for $0.59. Revenue for the recent quarter stood at $188 million, up 6% on last year and below the $269.32 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $211.2 million to $315.07 million, which should be compared with $212.79 million generated last year. EPS is seen in a range of $0.54 to $0.63, against the $0.58 reported a year ago.