American Capital Agency Corp. (AGNC) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Jul 18, 2016.
Many Wall Street Analysts have commented on American Capital Agency Corp.. American Capital Agency Corp. was Downgraded by Nomura to ” Neutral” on Jul 8, 2016. American Capital Agency Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016. Company shares were Upgraded by Wunderlich on May 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $19.50 .
On the company’s financial health, American Capital Agency Corp. reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.56.Analysts expectations of $ 264.31.During the same quarter in the previous year, the company posted $0.46 EPS.
American Capital Agency Corp. opened for trading at $19.22 and hit $19.28 on the upside on Friday, eventually ending the session at $19.25, with a gain of 0.29% or 0.055 points. The heightened volatility saw the trading volume jump to 27,00,729 shares. Company has a market cap of $6,372 M.
In a different news, on Jul 8, 2016, Christopher Kuehl (Senior VP) sold 153,987 shares at $0.00 per share price. According to the SEC, 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.