Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 19.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,513 shares of the credit services provider’s stock after selling 10,793 shares during the quarter. JPMorgan Chase & Co.’s holdings in Federal Agricultural Mortgage were worth $8,530,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AGM. Thrivent Financial for Lutherans acquired a new position in shares of Federal Agricultural Mortgage during the third quarter worth $3,949,000. Quest Partners LLC grew its stake in shares of Federal Agricultural Mortgage by 141.8% during the third quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider’s stock worth $941,000 after purchasing an additional 2,945 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Federal Agricultural Mortgage by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after purchasing an additional 6,444 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Federal Agricultural Mortgage by 25.7% during the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after purchasing an additional 36,380 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Federal Agricultural Mortgage by 181.7% during the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock worth $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Activity at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $211.10, for a total transaction of $211,100.00. Following the completion of the sale, the director now directly owns 13,060 shares of the company’s stock, valued at $2,756,966. The trade was a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,573 shares of company stock valued at $1,808,561 over the last ninety days. Insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock opened at $184.75 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a fifty day moving average price of $203.74 and a 200 day moving average price of $194.26. The company has a market cap of $2.01 billion, a P/E ratio of 11.88, a PEG ratio of 1.89 and a beta of 1.09. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its 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). 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 for the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the previous year, the firm posted $4.13 EPS. Sell-side analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $1.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.03%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

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.