Oppenheimer Asset Management Inc. Sells 471 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Oppenheimer Asset Management Inc. lowered its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,267 shares of the credit services provider’s stock after selling 471 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Federal Agricultural Mortgage were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter worth $36,000. Fifth Third Bancorp raised its stake in shares of Federal Agricultural Mortgage by 160.5% during the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 321 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Federal Agricultural Mortgage in the 2nd quarter valued at about $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage during the second quarter worth approximately $181,000. Finally, Cetera Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the first quarter valued at $205,000. 68.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated 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.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the transaction, the director now directly owns 4,595 shares in the company, valued at $868,133.35. This trade represents a 12.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $4,018,362.60. The trade was 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 valued at $1,148,587 in the last three months. Company insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $201.63 on Thursday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.86 and a beta of 1.04. 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 company’s fifty day simple moving average is $190.31 and its 200 day simple moving average is $187.16. Federal Agricultural Mortgage Co. has a 12-month low of $161.72 and a 12-month high of $217.60.

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

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is 36.01%.

Federal Agricultural Mortgage Company 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.