Geode Capital Management LLC Grows Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Geode Capital Management LLC raised its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,291 shares of the credit services provider’s stock after buying an additional 408 shares during the period. Geode Capital Management LLC owned approximately 1.98% of Federal Agricultural Mortgage worth $40,356,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Federal Agricultural Mortgage in the second quarter valued at about $36,000. Point72 DIFC Ltd raised its position in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 234 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at approximately $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Federal Agricultural Mortgage during the second quarter worth approximately $181,000. Finally, US Bancorp DE increased its stake in shares of Federal Agricultural Mortgage by 7.3% in the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after buying an additional 75 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Bradford T. Nordholm sold 5,073 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $208.00, for a total transaction of $208,000.00. Following the completion of the transaction, the director now directly owns 14,060 shares of the company’s stock, valued at $2,924,480. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,573 shares of company stock worth $1,808,561 over the last ninety days. 2.21% of the stock is owned by insiders.

Federal Agricultural Mortgage Trading Up 0.7 %

AGM opened at $198.55 on Wednesday. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $2.16 billion, a PE ratio of 12.77, a P/E/G ratio of 1.95 and a beta of 1.07. The firm’s fifty day moving average price is $201.93 and its 200 day moving average price is $192.55.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). The company had revenue of $411.40 million for 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 business posted $4.13 EPS. As a group, research analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.82%. 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.