In the latest trading session, 1.37 million AGNC Investment Corp (NASDAQ:AGNC) shares changed hands as the company’s beta touched 1.46. With the company’s most recent per share price at $9.45 changed hands at -$0.03 or -0.32% at last look, the market valuation stands at $8.37B. AGNC’s current price is a discount, trading about -14.81% off its 52-week high of $10.85. The share price had its 52-week low at $8.85, which suggests the last value was 6.35% up since then. When we look at AGNC Investment Corp’s average trading volume, we note the 10-day average is 14.75 million shares, with the 3-month average coming to 18.34 million.
Analysts gave the AGNC Investment Corp (AGNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended AGNC as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. AGNC Investment Corp’s EPS for the current quarter is expected to be 0.43.
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AGNC Investment Corp (NASDAQ:AGNC) trade information
Instantly AGNC was in red as seen in intraday trades today. With action -1.97%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -3.67%, with the 5-day performance at -1.97% in the red. However, in the 30-day time frame, AGNC Investment Corp (NASDAQ:AGNC) is 1.07% up. Looking at the short shares, we see there were 42.25 million shares sold at short interest cover period of 1.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 14.09% from its recent market value. According to analyst projections, AGNC’s forecast low is 11 with 12 as the target high. To hit the forecast high, the stock’s price needs a -26.98% plunge from its current level, while the stock would need to soar -16.4% for it to hit the projected low.
AGNC Investment Corp (AGNC) estimates and forecasts
Data shows that the AGNC Investment Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.67% over the past 6 months, a -25.67% in annual growth rate that is considerably lower than the industry average of -13.90%. Year-over-year growth is forecast to reach 135.04% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 209.06M. 6 analysts are of the opinion that AGNC Investment Corp’s revenue for the current quarter will be 367.09M. The company’s revenue for the corresponding quarters a year ago was -26M and -30M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 904.06%. The estimates for the next quarter sales put growth at 1,323.64%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -24.53%. The 2024 estimates are for AGNC Investment Corp earnings to decrease by -25.04%, but the outlook for the next 5-year period is at -3.56% per year.
AGNC Dividends
AGNC Investment Corp is expected to release its next quarterly earnings report in January. The 15.24% annual yield figure for the share gives it an annual dividend of 1.44. It is important to note, however, that the 15.24% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 12.83 per year.
AGNC Investment Corp (NASDAQ:AGNC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.39% of AGNC Investment Corp shares while 40.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.12%. There are 40.96% institutions holding the AGNC Investment Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7079% of the shares, roughly 68.17 million AGNC shares worth $650.33 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.2822% or 37.09 million shares worth $353.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 22.71 shares estimated at $214.7 million under it, the former controlled 2.56% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.21% of the shares, roughly 19.59 shares worth around $185.25 million.
