Thrivent Financial for Lutherans Takes $3.95 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Thrivent Financial for Lutherans purchased a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,073 shares of the credit services provider’s stock, valued at approximately $3,949,000. Thrivent Financial for Lutherans owned approximately 0.19% of Federal Agricultural Mortgage as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter worth $36,000. Fifth Third Bancorp lifted its stake 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 buying an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth about $108,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Federal Agricultural Mortgage in the 2nd quarter valued at about $181,000. Finally, Cetera Advisors LLC acquired a new position in Federal Agricultural Mortgage during the 1st quarter valued at about $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 0.6 %

Shares of Federal Agricultural Mortgage stock opened at $205.09 on Monday. The stock has a market capitalization of $2.23 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.84 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52-week low of $161.72 and a 52-week high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50-day simple moving average is $191.02 and its 200 day simple moving average is $187.57.

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 for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $4.13 EPS. As a group, research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $1.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.73%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the transaction, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,467 shares of company stock worth $1,455,622 over the last 90 days. Corporate insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.