Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 333,975 shares of the credit services provider’s stock after purchasing an additional 14,274 shares during the quarter. Principal Financial Group Inc.’s holdings in Federal Agricultural Mortgage were worth $65,777,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Federal Agricultural Mortgage by 8.0% during the 3rd quarter. Creative Planning now owns 5,563 shares of the credit services provider’s stock worth $1,043,000 after acquiring an additional 410 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the 3rd quarter valued at $175,610,000. Riverwater Partners LLC increased its stake in Federal Agricultural Mortgage by 1.1% in the 3rd quarter. Riverwater Partners LLC now owns 11,530 shares of the credit services provider’s stock worth $2,095,000 after purchasing an additional 122 shares in the last quarter. Pullen Investment Management LLC raised its holdings in Federal Agricultural Mortgage by 9.5% during the 3rd quarter. Pullen Investment Management LLC now owns 12,416 shares of the credit services provider’s stock worth $2,327,000 after buying an additional 1,079 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in Federal Agricultural Mortgage during the third quarter valued at about $358,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock opened at $197.78 on Thursday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $2.15 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The firm’s 50 day simple moving average is $197.14 and its 200-day simple moving average is $194.15.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.58% of the company’s stock.

About Federal Agricultural Mortgage

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.