Quest Partners LLC Boosts Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Quest Partners LLC lifted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 141.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,022 shares of the credit services provider’s stock after purchasing an additional 2,945 shares during the period. Quest Partners LLC’s holdings in Federal Agricultural Mortgage were worth $941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGM. ProShare Advisors LLC increased its stake in Federal Agricultural Mortgage by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock worth $323,000 after buying an additional 129 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Federal Agricultural Mortgage by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,653 shares of the credit services provider’s stock worth $2,492,000 after buying an additional 414 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at about $24,137,000. Comerica Bank boosted its holdings in shares of Federal Agricultural Mortgage by 6.4% during the 1st quarter. Comerica Bank now owns 2,552 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 154 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at about $205,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Down 1.7 %

Shares of NYSE:AGM opened at $201.63 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 12 month low of $161.72 and a 12 month high of $217.60. The company has a 50-day moving average price of $190.31 and a 200 day moving average price of $187.16. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.86 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million during 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 period in the previous year, the business earned $4.13 EPS. As a group, equities research analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Insider Transactions 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 transaction of $211,100.00. Following the transaction, the director now directly owns 13,060 shares of the company’s stock, valued at $2,756,966. This trade represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares in the company, valued at approximately $4,018,362.60. The trade was a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,967 shares of company stock valued at $1,148,587. 2.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.