Federal Agricultural Mortgage Co. (NYSE:AGM) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 215,291 shares of the credit services provider’s stock after purchasing an additional 408 shares during the quarter. Geode Capital Management LLC’s holdings in Federal Agricultural Mortgage were worth $40,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AGM. Vestcor Inc acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at approximately $525,000. Barclays PLC increased its position in Federal Agricultural Mortgage by 181.7% in the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock valued at $3,405,000 after acquiring an additional 11,721 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Federal Agricultural Mortgage during the 3rd quarter valued at $399,000. Jane Street Group LLC boosted its position in Federal Agricultural Mortgage by 36.6% during the 3rd quarter. Jane Street Group LLC now owns 16,548 shares of the credit services provider’s stock worth $3,101,000 after acquiring an additional 4,434 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Federal Agricultural Mortgage by 5.9% in the third quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after purchasing an additional 10,194 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $198.55 on Wednesday. The stock has a market cap of $2.16 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.95 and a beta of 1.07. The firm’s 50-day simple moving average is $201.93 and its 200 day simple moving average is $192.55. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

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 analysts’ consensus estimates of $4.14 by ($0.04). The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same quarter last year, the firm posted $4.13 earnings per share. Equities analysts expect 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 will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Insider Activity

In other news, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the transaction, the director now owns 14,060 shares of the company’s stock, valued at $2,924,480. The trade was a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,573 shares of company stock worth $1,808,561. 2.21% of the stock is owned by company insiders.

Federal Agricultural Mortgage Company 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.