Federal Agricultural Mortgage Co. (NYSE:AGM) Stock Holdings Lowered by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,009 shares of the credit services provider’s stock after selling 319 shares during the period. Stifel Financial Corp owned about 0.18% of Federal Agricultural Mortgage worth $3,750,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in shares of Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock worth $1,637,000 after acquiring an additional 57 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 70 shares during the last quarter. US Bancorp DE boosted its position in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after purchasing an additional 75 shares during the period. Moors & Cabot Inc. increased its stake in Federal Agricultural Mortgage by 7.8% in the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock worth $237,000 after purchasing an additional 92 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in Federal Agricultural Mortgage by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock worth $56,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $210.13 on Tuesday. The company has a 50-day moving average of $199.99 and a two-hundred day moving average of $191.46. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. 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 posted its quarterly earnings data 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). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same period in the prior year, the business posted $4.13 EPS. On average, equities research analysts expect that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.67%. Federal Agricultural Mortgage’s dividend payout ratio is 36.01%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, 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 value of $1,082,426.01. Following the completion of the sale, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total transaction of $211,100.00. Following the completion of the transaction, the director now directly owns 13,060 shares in the company, valued at $2,756,966. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,573 shares of company stock valued at $1,808,561. Company insiders own 2.58% of the company’s stock.

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.