Brokerage firm Deutsche Bank Maintains its rating on American Capital Agency Corp.(NASDAQ:AGNC). In a research note issued to the investors, the brokerage major Lowers the price-target to $19.50 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 1, 2016.
In a different note, On Jul 18, 2016, JP Morgan said it Downgrades its rating on American Capital Agency Corp.. The shares have been rated ‘Neutral’ by the firm. On Jul 8, 2016, Nomura said it Downgrades its rating on American Capital Agency Corp.. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Bank of America said it Upgrades its rating on American Capital Agency Corp.. The shares have been rated ‘Neutral’ by the firm.
American Capital Agency Corp. (AGNC) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -0.20% at a volume of 35,01,902. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.96. The peak price level was also seen at $19.96 while the days lowest was $19.73. Finally the shares closed at $19.85. 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 $6,570 M.
American Capital Agency Corp. has also declared a cash dividend of $0.1800 on Jul 27, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed on Aug 31, 2016. The dividend payable date has been fixed on Sep 9, 2016.
American Capital Agency Corp.(AGNC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $217.00M. Analysts had an estimated revenue of $22.10M. Earnings per share were $0.56.
Several Insider Transactions has been reported to the SEC. On Jul 8, 2016, Christopher Kuehl (Senior VP) sold 153,987 shares at $0.00 per share price.Also, On Jul 7, 2016, Gary D Kain (Director, CEO, Pres. and CIO) sold 368,953 shares at $19.55 per share price.On Jul 7, 2016, Bernice Bell (SVP and Chief Accounting Off.) sold 9,504 shares at $19.55 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.