Continuum Advisory LLC sold 21,378 shares to AGNC Investment Corp. (NASDAQ:AGNC)

Continuum Advisory LLC trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ: AGNC – Get Rating ) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,652 shares of the real estate investment trust’s stock after selling 21,378 shares during the quarter. Continuum Advisory LLC’s holdings in AGNC Investment were worth $974,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AGNC. Private Trust Co. NA bought a new stake in AGNC Investment in the second quarter worth about $27,000. Vectors Research Management LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $33,000. Worth Asset Management LLC bought a new position in shares of AGNC Investment in the first quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 152.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,955 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,390 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC raised its position in AGNC Investment by 4,520.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 6,930 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 6,780 shares during the last quarter. 40.87% of the shares are currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of AGNC stock opened at $11.60 on Wednesday. AGNC Investment Corp. has a 52-week low of $7.30 and a 52-week high of $14.89. The company has a debt-to-equity ratio of 0.02, a quick earnings ratio of 0.25, and a current ratio of 0.25. The company’s 50-day simple moving average is $10.60, and its 200-day simple moving average is $10.50.

AGNC Investment (NASDAQ:AGNC – Receive Rating) last announced its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.65 by $0.09. The company had revenue of $25.00 million for the quarter, compared to analysts’ expectations of $415.17 million. AGNC Investment had a negative net margin of 80.24% and a positive return on equity of 26.52%. The business’s revenue for the quarter was down 89.9% year over year. During the same period last year, the firm earned $0.75 earnings per share. Sell-side analysts predict that AGNC Investment Corp. will report 2.18 earnings per share for the current fiscal year.

Investment Dividend Announcement from AGNC

The business also recently announced a dividend for January 23rd, which will be paid on Thursday, February 9th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.12 per share. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Monday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is currently -56.69%.

Changes in analyst ratings

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of AGNC Investment to $8.50 in a research note on Friday, November 4th. Barclays boosted their target price on AGNC Investment from $9.00 to $12.00 in a research note on Friday, January 6th. Royal Bank of Canada dropped their price objective on AGNC Investment from $13.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th. BTIG Research decreased their price objective on shares of AGNC Investment from $9.50 to $9.00 in a research report on Wednesday, October 26th. Finally, Maxim Group reduced their price objective on shares of AGNC Investment from $13.00 to $9.00 in a research report on Tuesday, October 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.55, according to MarketBeat.com.

AGNC Investment Company Profile

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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-backed securities and collateralized mortgage obligations (CMOs) for which principal and interest payments are guaranteed by a government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) or by a United States government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively the GSEs).

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