Continuum Advisory LLC Trims Holdings in AGNC Investment Corp. $AGNC

Continuum Advisory LLC decreased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 26.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,255 shares of the real estate investment trust’s stock after selling 60,509 shares during the period. Continuum Advisory LLC’s holdings in AGNC Investment were worth $1,698,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its holdings in shares of AGNC Investment by 4.7% in the first quarter. Apollon Wealth Management LLC now owns 32,403 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 1,443 shares in the last quarter. Pasadena Private Wealth LLC acquired a new stake in AGNC Investment in the first quarter valued at $106,000. Pictet Asset Management Holding SA grew its stake in AGNC Investment by 10.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 172,149 shares of the real estate investment trust’s stock valued at $1,727,000 after acquiring an additional 16,445 shares during the last quarter. Welch Group LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $101,000. Finally, Davidson Trust Co. increased its position in AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 985 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Royal Bank Of Canada restated an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. Piper Sandler reaffirmed an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. Finally, UBS Group upped their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment currently has an average rating of “Hold” and a consensus price target of $11.06.

Insider Buying and Selling at AGNC Investment

In other news, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 215,234 shares of company stock worth $2,364,022 in the last ninety days. 0.40% of the stock is owned by company insiders.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.90 on Monday. The firm has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.77. The company has a market cap of $12.51 billion, a PE ratio of 9.01 and a beta of 1.32. AGNC Investment Corp. has a fifty-two week low of $9.08 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. As a group, research analysts forecast that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. AGNC Investment’s payout ratio is 119.01%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.