AGNC Investment Corp. $AGNC Stock Position Decreased by Continuum Advisory LLC

Continuum Advisory LLC lowered its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,255 shares of the real estate investment trust’s stock after selling 60,509 shares during the quarter. Continuum Advisory LLC’s holdings in AGNC Investment were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the period. Geode Capital Management LLC increased its position in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after buying an additional 1,596,244 shares during the last quarter. State Street Corp increased its holdings in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after acquiring an additional 1,090,374 shares during the last quarter. Norges Bank bought a new stake in shares of AGNC Investment during the 4th quarter worth $141,830,000. Finally, Morgan Stanley increased its position in AGNC Investment by 24.3% in the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock worth $80,310,000 after buying an additional 1,462,468 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 215,234 shares of company stock valued at $2,364,022. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. Piper Sandler restated an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. Finally, UBS Group upped their target price 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 investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.06.

AGNC Investment Stock Performance

AGNC opened at $10.90 on Monday. The stock has a market capitalization of $12.51 billion, a P/E ratio of 9.01 and a beta of 1.32. The firm’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $10.77. AGNC Investment Corp. has a 12 month low of $9.08 and a 12 month high of $12.19.

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

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is presently 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.