Continuum Advisory LLC Sells 37,396 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Continuum Advisory LLC lessened its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AGNC. Hsbc Holdings PLC increased its holdings in AGNC Investment by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock worth $168,000 after buying an additional 970 shares during the last quarter. CIBC Asset Management Inc boosted its stake in 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 last quarter. CoreCap Advisors LLC grew its position in shares of AGNC Investment by 34.8% during the 4th 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 during the period. Advisory Services Network LLC increased its stake in shares of AGNC Investment by 2.9% during the 4th quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust's stock worth $427,000 after purchasing an additional 1,303 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of 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 purchasing an additional 1,359 shares during the period. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the sale, the executive vice president now directly owns 374,019 shares of the company's stock, valued at $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the completion of the transaction, the chief executive officer now directly owns 1,691,421 shares in the company, valued at $14,715,362.70. The trade was a 2.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,384 shares of company stock worth $1,228,039. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Price Performance

Shares of AGNC traded up $0.03 during midday trading on Friday, hitting $8.84. 36,881,205 shares of the company traded hands, compared to its average volume of 20,690,373. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The firm has a market cap of $9.02 billion, a P/E ratio of 9.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a 50-day moving average of $9.00 and a 200-day moving average of $9.52.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's payout ratio is currently 360.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AGNC shares. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $9.96.

AGNC Investment 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).