Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 28.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,738 shares of the credit services provider’s stock after purchasing an additional 389 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Federal Agricultural Mortgage were worth $314,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth $34,000. UBS Group AG lifted its holdings in shares of Federal Agricultural Mortgage by 11.6% in the fourth quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock valued at $9,286,000 after purchasing an additional 5,061 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Federal Agricultural Mortgage in the fourth quarter valued at approximately $439,000. Avantax Planning Partners Inc. purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $237,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $497,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Trading Down 2.7 %

Shares of AGM stock opened at $183.35 on Friday. Federal Agricultural Mortgage Co. has a twelve month low of $140.44 and a twelve month high of $217.60. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.61 and a beta of 1.04. The firm has a 50-day moving average price of $192.82 and a 200 day moving average price of $186.23. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data 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). The firm had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same period in the prior year, the firm earned $3.86 EPS. Research analysts forecast that Federal Agricultural Mortgage Co. will post 16.19 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

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

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the sale, the director now directly owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the transaction, the director now owns 4,595 shares of the company’s stock, valued at $868,133.35. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 sale, 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 sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is currently owned by insiders.

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.