Creative Planning Purchases 410 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Creative Planning raised its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,563 shares of the credit services provider’s stock after acquiring an additional 410 shares during the period. Creative Planning’s holdings in Federal Agricultural Mortgage were worth $1,043,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AGM. Sequoia Financial Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth approximately $2,141,000. BNP Paribas Financial Markets boosted its position in shares of Federal Agricultural Mortgage by 39.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,462 shares of the credit services provider’s stock worth $878,000 after purchasing an additional 1,267 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth approximately $343,000. Pullen Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth approximately $2,108,000. Finally, GSA Capital Partners LLP boosted its position in shares of Federal Agricultural Mortgage by 61.6% in the 1st quarter. GSA Capital Partners LLP now owns 8,399 shares of the credit services provider’s stock worth $1,654,000 after purchasing an additional 3,201 shares in the last quarter. 68.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $183.43 on Friday. Federal Agricultural Mortgage Co. has a twelve month low of $146.68 and a twelve month high of $217.60. The firm has a market cap of $2.00 billion, a P/E ratio of 11.20, a PEG ratio of 1.67 and a beta of 1.04. The company has a 50 day moving average of $186.65 and a 200 day moving average of $185.51. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $91.77 million. During the same quarter in the previous year, the firm earned $3.86 earnings per share. As a group, research analysts expect that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current fiscal 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 issued a $1.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.05%. Federal Agricultural Mortgage’s payout ratio is currently 34.19%.

Insider Buying and Selling

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares in the company, valued at $595,173.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now directly owns 3,225 shares in the company, valued at approximately $595,173.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. 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 worth $729,487 in the last three months. 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.