Cubist Systematic Strategies LLC Makes New Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Cubist Systematic Strategies LLC bought a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,009 shares of the credit services provider’s stock, valued at approximately $1,448,000. Cubist Systematic Strategies LLC owned about 0.07% of Federal Agricultural Mortgage at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AGM. nVerses Capital LLC acquired a new position in Federal Agricultural Mortgage during the second quarter worth $36,000. Sunbelt Securities Inc. increased its position in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares during the last quarter. Fifth Third Bancorp increased its position in Federal Agricultural Mortgage by 160.5% during the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after buying an additional 321 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Federal Agricultural Mortgage during the second quarter worth $108,000. Finally, Cetera Advisors LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth $205,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Trading Down 2.2 %

Shares of NYSE:AGM opened at $183.28 on Wednesday. The company has a market cap of $1.99 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.65 and a beta of 1.04. The stock’s 50-day moving average is $189.69 and its 200-day moving average is $186.11. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last released its 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 return on equity of 20.88% and a net margin of 13.28%. The firm had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. During the same period last year, the business earned $3.86 earnings per share. Equities research analysts predict that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Insiders Place Their Bets

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 shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the transaction, the director now owns 4,595 shares in the company, valued at $868,133.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,018,362.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $129,417.05. Following the transaction, the director now owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock worth $729,487 over the last quarter. Company insiders own 2.58% of the company’s stock.

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.