Federal Agricultural Mortgage Co. (NYSE:AGM) Position Increased by XTX Topco Ltd

XTX Topco Ltd raised its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 32.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,777 shares of the credit services provider’s stock after buying an additional 682 shares during the period. XTX Topco Ltd’s holdings in Federal Agricultural Mortgage were worth $502,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AGM. Boston Partners raised its position in shares of Federal Agricultural Mortgage by 8.1% during the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after purchasing an additional 36,560 shares during the period. American Century Companies Inc. raised its holdings in Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after buying an additional 36,380 shares during the period. Captrust Financial Advisors purchased a new stake in Federal Agricultural Mortgage during the first quarter valued at about $24,137,000. Envestnet Asset Management Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider’s stock worth $11,883,000 after buying an additional 1,098 shares during the period. Finally, UBS Group AG increased its position in shares of Federal Agricultural Mortgage by 11.6% in the fourth quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock worth $9,286,000 after acquiring an additional 5,061 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now directly owns 3,225 shares of the company’s stock, valued at $595,173.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,967 shares of company stock valued at $729,487. 2.58% of the stock is owned by insiders.

Federal Agricultural Mortgage Stock Down 1.4 %

NYSE:AGM opened at $181.73 on Wednesday. The business’s fifty day moving average price is $191.82 and its 200 day moving average price is $186.26. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.61 and a beta of 1.04. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage Co. has a 1-year low of $140.44 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). The business had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter in the prior year, the company earned $3.86 EPS. On average, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 16.19 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 price target on shares of Federal Agricultural Mortgage in a research report on Tuesday, August 6th.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.