Federal Agricultural Mortgage Corporation $AGM Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 96.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,183 shares of the credit services provider’s stock after selling 36,807 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vise Technologies Inc. acquired a new stake in Federal Agricultural Mortgage in the 3rd quarter worth $216,000. Pullen Investment Management LLC increased its holdings in shares of Federal Agricultural Mortgage by 0.6% during the 3rd quarter. Pullen Investment Management LLC now owns 19,110 shares of the credit services provider’s stock worth $3,954,000 after purchasing an additional 116 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Federal Agricultural Mortgage by 80.2% during the third quarter. Nisa Investment Advisors LLC now owns 337 shares of the credit services provider’s stock valued at $70,000 after buying an additional 150 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Federal Agricultural Mortgage by 9.9% during the second quarter. Sequoia Financial Advisors LLC now owns 13,028 shares of the credit services provider’s stock valued at $2,596,000 after buying an additional 1,175 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Federal Agricultural Mortgage in the second quarter valued at about $93,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock opened at $174.87 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.56 and a current ratio of 0.57. The firm’s 50-day simple moving average is $208.02 and its 200-day simple moving average is $189.64. Federal Agricultural Mortgage Corporation has a twelve month low of $136.57 and a twelve month high of $248.29. The firm has a market cap of $1.90 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, November 5th. The credit services provider reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $5.20 by ($0.38). The business had revenue of $125.25 million during the quarter, compared to the consensus estimate of $121.29 million. Federal Agricultural Mortgage had a net margin of 28.88% and a return on equity of 19.16%. As a group, research analysts expect that Federal Agricultural Mortgage Corporation will post 20.45 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.7%. Federal Agricultural Mortgage’s dividend payout ratio is presently 33.86%.

Analyst Ratings Changes

A number of research firms recently weighed in on AGM. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Friday, September 25th. Zacks Research cut Federal Agricultural Mortgage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Hold” and an average price target of $255.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation, known as Farmer Mac, operates a secondary market that helps provide liquidity to lenders serving U.S. agriculture and rural communities. Established by Congress under the Agricultural Credit Act of 1987, the company purchases eligible loans and provides guarantees and other financing solutions to lending institutions. Farmer Mac’s offerings support loans for farms and ranches, rural utilities and infrastructure, and other eligible rural borrowers. Its programs also include financing tied to USDA-guaranteed loans.