Victory Capital Management Inc. Sells 5,588 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Victory Capital Management Inc. lowered its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 59.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,794 shares of the credit services provider’s stock after selling 5,588 shares during the period. Victory Capital Management Inc.’s holdings in Federal Agricultural Mortgage were worth $686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd raised its holdings in shares of Federal Agricultural Mortgage by 49.6% during the fourth quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock valued at $2,669,000 after purchasing an additional 4,628 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $2,141,000. AdvisorShares Investments LLC purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth $3,414,000. Captrust Financial Advisors purchased a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth $24,137,000. Finally, Boston Partners grew its holdings in shares of Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after acquiring an additional 36,560 shares during the period. Institutional investors own 68.03% of the company’s stock.

Insider Activity

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $4,018,362.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now directly owns 3,225 shares in the company, valued at $595,173.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,018,362.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock valued at $729,487 in the last ninety days. Corporate insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM opened at $183.35 on Friday. Federal Agricultural Mortgage Co. has a 12-month low of $140.44 and a 12-month high of $217.60. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. 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 firm has a 50 day moving average of $192.82 and a 200 day moving average of $186.23.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46). The company had revenue of $406.23 million during 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 quarter last year, the company earned $3.86 earnings per share. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.15%.

Wall Street Analysts Forecast Growth

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

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.