JPMorgan Chase & Co. Decreases Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

JPMorgan Chase & Co. trimmed its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 19.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,513 shares of the credit services provider’s stock after selling 10,793 shares during the quarter. JPMorgan Chase & Co. owned about 0.42% of Federal Agricultural Mortgage worth $8,530,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AGM. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage in the 3rd quarter worth approximately $175,610,000. American Century Companies Inc. lifted its stake in Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after purchasing an additional 36,380 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after buying an additional 29,917 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at approximately $3,949,000. Finally, Captrust Financial Advisors raised its position in shares of Federal Agricultural Mortgage by 10.0% during the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock valued at $42,539,000 after buying an additional 20,603 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Up 1.1 %

AGM stock opened at $184.75 on Tuesday. The firm has a market cap of $2.01 billion, a PE ratio of 11.88, a PEG ratio of 1.89 and a beta of 1.09. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s 50 day moving average price is $203.74 and its 200-day moving average price is $194.26. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released 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 firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the previous year, the firm posted $4.13 EPS. On average, equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is presently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $211.10, for a total value of $211,100.00. Following the completion of the sale, the director now owns 13,060 shares in the company, valued at approximately $2,756,966. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,573 shares of company stock worth $1,808,561. Insiders own 2.58% of the company’s stock.

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.