Renaissance Technologies LLC Sells 30,300 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Renaissance Technologies LLC decreased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 33.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,600 shares of the credit services provider’s stock after selling 30,300 shares during the quarter. Renaissance Technologies LLC owned 0.55% of Federal Agricultural Mortgage worth $10,777,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Boston Partners lifted its position in Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after acquiring an additional 36,560 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after buying an additional 36,380 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $24,137,000. Envestnet Asset Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider’s stock worth $11,883,000 after buying an additional 1,098 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Federal Agricultural Mortgage by 11.6% during the 4th quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock worth $9,286,000 after buying an additional 5,061 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Friday, September 6th. The shares were 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 directly owns 3,225 shares in the company, valued at approximately $595,173.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock worth $729,487 in the last quarter. Insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $184.23 on Tuesday. Federal Agricultural Mortgage Co. has a 52 week low of $140.44 and a 52 week high of $217.60. The company’s 50 day moving average price is $192.42 and its two-hundred day moving average price is $186.28. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market cap of $2.00 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.61 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The company had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same quarter in the previous year, the business earned $3.86 EPS. On average, equities analysts predict that Federal Agricultural Mortgage Co. will post 16.19 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business 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 dividend of $1.40 per share. The ex-dividend date is Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 3.04%. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

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.