Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Creative Planning

Creative Planning lessened its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,153 shares of the credit services provider’s stock after selling 720 shares during the period. Creative Planning’s holdings in Federal Agricultural Mortgage were worth $932,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Federal Agricultural Mortgage by 35.0% in the 2nd quarter. AQR Capital Management LLC now owns 15,252 shares of the credit services provider’s stock valued at $2,758,000 after purchasing an additional 3,957 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage in the second quarter valued at approximately $181,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $1,448,000. Inspire Investing LLC lifted its holdings in shares of Federal Agricultural Mortgage by 6.9% in the 2nd quarter. Inspire Investing LLC now owns 1,962 shares of the credit services provider’s stock worth $355,000 after purchasing an additional 126 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in Federal Agricultural Mortgage by 32.6% during the 2nd quarter. XTX Topco Ltd now owns 2,777 shares of the credit services provider’s stock worth $502,000 after buying an additional 682 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Performance

AGM opened at $182.69 on Friday. Federal Agricultural Mortgage Co. has a twelve month low of $140.44 and a twelve month high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market cap of $1.99 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The business’s 50 day moving average is $185.65 and its 200-day moving average is $185.83.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). The company had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter last year, the company posted $3.86 EPS. On average, analysts predict that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio is 34.15%.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the sale, the director now directly owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction 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 $4,018,362.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the sale, the director now owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock valued at $729,487 over the last quarter. Company insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated 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 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.