Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,962 shares of the credit services provider’s stock after acquiring an additional 126 shares during the period. Inspire Investing LLC’s holdings in Federal Agricultural Mortgage were worth $355,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth $34,000. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage during the second quarter worth about $36,000. Sunbelt Securities Inc. lifted its holdings in Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 134 shares during the last quarter. Fifth Third Bancorp boosted its stake in 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 acquiring an additional 321 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $108,000. 68.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the transaction, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company’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 value of $129,417.05. Following the completion of the sale, the director now directly owns 4,595 shares in the company, valued at $868,133.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,967 shares of company stock valued at $729,487. Company insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Down 2.7 %

AGM stock opened at $183.35 on Friday. The stock has a market cap of $2.00 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The firm’s 50-day simple moving average is $192.82 and its 200 day simple moving average is $186.23. Federal Agricultural Mortgage Co. has a fifty-two week low of $140.44 and a fifty-two 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 1.68.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The business had revenue of $406.23 million for the quarter, compared to the consensus estimate of $91.77 million. During the same period last year, the firm posted $3.86 EPS. As a group, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 16.19 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 3.05%. Federal Agricultural Mortgage’s payout ratio is 34.15%.

Wall Street Analysts Forecast Growth

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

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.