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

Continuum Advisory LLC lowered its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,235 shares of the real estate investment trust’s stock after selling 37,396 shares during the quarter. Continuum Advisory LLC’s holdings in AGNC Investment were worth $2,167,000 as of its most recent filing with the Securities & Exchange Commission.

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

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.19 on Wednesday. The company has a fifty day moving average of $9.09 and a 200-day moving average of $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 capitalization of $9.38 billion, a price-to-earnings ratio of 9.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced 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. The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period in the previous year, the firm earned $0.58 EPS. Equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a $0.12 dividend. This represents a yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 360.00%.

Insiders Place Their Bets

In other news, CEO Peter J. Federico sold 48,333 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $8.70, for a total value of $420,497.10. Following the completion of the sale, the chief executive officer now directly owns 1,691,421 shares of the company’s stock, valued at approximately $14,715,362.70. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the completion of the transaction, the director now directly owns 90,345 shares of the company’s stock, valued at approximately $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AGNC has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Jones Trading dropped their price objective on AGNC Investment from $10.25 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Argus restated a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and an average target price of $9.96.

About AGNC Investment

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).