Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,106 shares of the credit services provider’s stock after purchasing an additional 75 shares during the quarter. US Bancorp DE’s holdings in Federal Agricultural Mortgage were worth $207,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in Federal Agricultural Mortgage during the first quarter worth approximately $24,137,000. Boston Partners boosted its position in Federal Agricultural Mortgage by 8.1% during the 1st 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. increased its holdings in Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after purchasing an additional 36,380 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage in the third quarter valued at about $175,610,000. Finally, Cetera Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage during the first quarter worth about $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the transaction, the director now directly owns 3,225 shares in the company, valued at $595,173.75. This represents a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,967 shares of company stock worth $1,148,587 in the last 90 days. 2.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Trading Down 1.2 %

AGM opened at $207.79 on Friday. The firm’s 50 day moving average is $188.54 and its 200-day moving average is $186.79. Federal Agricultural Mortgage Co. has a 52-week low of $161.72 and a 52-week high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $2.26 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.91 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period last year, the firm earned $4.13 EPS. Analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

About Federal Agricultural Mortgage

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.