Commonwealth Equity Services LLC Reduces Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Commonwealth Equity Services LLC cut its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,177 shares of the credit services provider’s stock after selling 323 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Federal Agricultural Mortgage were worth $575,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGM. Principal Securities Inc. purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $34,000. UBS Group AG increased its stake in Federal Agricultural Mortgage by 11.6% during the 4th quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock valued at $9,286,000 after purchasing an additional 5,061 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth $439,000. Avantax Planning Partners Inc. acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth $237,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter valued at $497,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, September 10th. The stock was 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 approximately $4,018,362.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 in the company, valued at approximately $4,018,362.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred 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 transaction, the director now directly owns 3,225 shares of the company’s stock, valued at $595,173.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,967 shares of company stock valued at $729,487. 2.58% of the stock is owned by insiders.

Federal Agricultural Mortgage Trading Down 2.7 %

Shares of NYSE:AGM opened at $183.19 on Friday. The business has a 50-day moving average price of $193.15 and a 200-day moving average price of $186.40. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.61 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. 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 posted 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 business 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 posted $3.86 earnings per share. Equities analysts predict that Federal Agricultural Mortgage Co. will post 16.19 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.06%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.

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.