Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,008 shares of the credit services provider’s stock after purchasing an additional 36,380 shares during the quarter. American Century Companies Inc.’s holdings in Federal Agricultural Mortgage were worth $32,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Principal Securities Inc. acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth $34,000. nVerses Capital LLC acquired a new stake in shares of Federal Agricultural Mortgage during the second quarter worth about $36,000. Sunbelt Securities Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of 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 period. Finally, Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage during the 2nd quarter worth approximately $108,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Trading Down 0.6 %

Shares of Federal Agricultural Mortgage stock opened at $185.53 on Wednesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $2.02 billion, a P/E ratio of 11.31, a PEG ratio of 1.61 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 1 year low of $140.44 and a 1 year high of $217.60. The company’s fifty day moving average is $193.26 and its two-hundred day moving average is $186.35.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (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 analysts’ expectations of $91.77 million. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. During the same period in the prior year, the business earned $3.86 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 16.19 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage 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 value of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’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 transaction, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the sale, the director now owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. The disclosure for this sale can be found here. Insiders sold 3,967 shares of company stock worth $729,487 over the last 90 days. 2.58% of the stock is currently owned by insiders.

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.