Bank of America Upgrades American Capital Agency Corp. to Neutral

Brokerage firm Bank of America Upgrades its rating on American Capital Agency Corp.(NASDAQ:AGNC). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Bank of America was issued on Jun 29, 2016.

American Capital Agency Corp. (AGNC) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.45% at a volume of 26,62,594. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.88. The peak price level was also seen at $19.88 while the days lowest was $19.59. Finally the shares closed at $19.73. The 52-week high of the shares is $20.08 while the 52-week low is $15.69. According to the latest information available, the market cap of the company is $6,531 M.

American Capital Agency Corp.(AGNC) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.52.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Peter J Federico (SVP and Chief Risk Officer) sold 975 shares at $18.80 per share price.Also, On Jun 6, 2016, Morris A. Davis (director) sold 3,323 shares at $19.00 per share price.On Apr 4, 2016, Christopher Kuehl (Senior VP) sold 6,177 shares at $18.42 per share price, according to the Form-4 filing with the securities and exchange commission.

American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Company’s income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Company’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) 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 a United States Government agency such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management LLC an affiliate of American Capital Ltd.

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