Sei Investments Co. Reduces Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Sei Investments Co. trimmed its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 25.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,482 shares of the credit services provider’s stock after selling 4,311 shares during the quarter. Sei Investments Co.’s holdings in Federal Agricultural Mortgage were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AGM. Captrust Financial Advisors purchased a new position in shares of Federal Agricultural Mortgage during the first quarter worth $24,137,000. Boston Partners grew its position in Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after purchasing an additional 36,560 shares during the period. American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Federal Agricultural Mortgage by 63.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,225 shares of the credit services provider’s stock valued at $9,101,000 after buying an additional 17,870 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage in the first quarter worth about $2,141,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,967 shares of company stock worth $729,487 over the last three months. 2.58% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Stock Performance

AGM opened at $185.76 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a fifty day moving average price of $187.94 and a 200 day moving average price of $186.02. Federal Agricultural Mortgage Co. has a 1 year low of $140.44 and a 1 year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The firm had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period in the previous year, the company earned $3.86 earnings per share. Equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

Wall Street Analyst Weigh In

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

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.