Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 25.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,224 shares of the credit services provider’s stock after selling 416 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AGM. nVerses Capital LLC purchased a new position in shares of Federal Agricultural Mortgage during the second quarter worth about $36,000. Sunbelt Securities Inc. grew its stake in shares of Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 321 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter worth approximately $108,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth approximately $205,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated 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 owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now directly owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock valued at $729,487 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Trading Up 2.0 %

NYSE AGM opened at $185.76 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.65 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The firm has a 50-day moving average price of $187.35 and a 200 day moving average price of $186.02.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The business had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period last year, the company posted $3.86 earnings per share. Equities research analysts expect that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $1.40 per share. The ex-dividend date was Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 3.01%. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

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.