Federal Agricultural Mortgage Co. (NYSE:AGM) Position Increased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,129 shares of the credit services provider’s stock after purchasing an additional 16,487 shares during the quarter. Federal Agricultural Mortgage makes up approximately 1.7% of Rice Hall James & Associates LLC’s holdings, making the stock its 13th biggest position. Rice Hall James & Associates LLC’s holdings in Federal Agricultural Mortgage were worth $32,259,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at approximately $36,000. Fifth Third Bancorp lifted its position in shares of Federal Agricultural Mortgage by 160.5% in 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 bought a new stake in Federal Agricultural Mortgage during the second quarter worth approximately $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage in the 2nd quarter valued at $181,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at about $205,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated 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 $595,173.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated 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 of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,967 shares of company stock valued at $729,487. 2.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Stock Down 1.4 %

AGM opened at $183.43 on Friday. Federal Agricultural Mortgage Co. has a fifty-two week low of $146.68 and a fifty-two week high of $217.60. The company has a market capitalization of $2.00 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.67 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s fifty day moving average price is $186.65 and its two-hundred day moving average price is $185.51.

Federal Agricultural Mortgage (NYSE:AGM) last posted 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 net margin of 13.28% and a return on equity of 20.88%. The business had revenue of $406.23 million during the quarter, compared to the consensus estimate of $91.77 million. During the same period in the previous year, the firm earned $3.86 EPS. On average, analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $1.40 per share. The ex-dividend date was Monday, September 16th. This represents a $5.60 annualized dividend and a yield of 3.05%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.19%.

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.