HighTower Advisors LLC Cuts Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

HighTower Advisors LLC cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,203 shares of the credit services provider’s stock after selling 145 shares during the quarter. HighTower Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $2,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AGM. nVerses Capital LLC purchased a new position in shares of Federal Agricultural Mortgage in the second quarter valued at approximately $36,000. Fifth Third Bancorp raised its stake in Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 321 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage in the 2nd quarter valued at $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter worth $181,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth $205,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. This represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the chief executive officer now owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. The trade was a 10.99 % 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 worth $1,808,561 in the last three months. 2.58% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $210.23 on Friday. The company has a market cap of $2.29 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.95 and a beta of 1.07. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60. The company’s 50-day moving average price is $199.45 and its 200-day moving average price is $190.96. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period last year, the business earned $4.13 earnings per share. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 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.