Continuum Advisory LLC Lowers Stock Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Continuum Advisory LLC reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,235 shares of the real estate investment trust’s stock after selling 37,396 shares during the period. Continuum Advisory LLC’s holdings in AGNC Investment were worth $2,167,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in shares of AGNC Investment by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 970 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of AGNC Investment by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 1,075 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,229 shares during the last quarter. Advisory Services Network LLC increased its holdings in AGNC Investment by 2.9% in the 4th quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 1,303 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in AGNC Investment by 10.5% in the 4th quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $9.19 on Wednesday. The business’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $9.53. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85. The stock has a market cap of $9.38 billion, a PE ratio of 9.47 and a beta of 1.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The company had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. During the same period in the previous year, the firm earned $0.58 EPS. As a group, analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 30th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment’s dividend payout ratio is 360.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Argus restated a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 6th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.96.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 48,333 shares of the firm’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $8.88, for a total value of $429,197.04. Following the completion of the sale, the chief executive officer now owns 1,643,088 shares in the company, valued at approximately $14,590,621.44. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the transaction, the executive vice president now directly owns 447,841 shares of the company’s stock, valued at approximately $4,044,004.23. This represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,384 shares of company stock valued at $1,228,039. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are 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 the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).