SG Americas Securities LLC Acquires 1,742 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

SG Americas Securities LLC lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 121.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,181 shares of the credit services provider’s stock after buying an additional 1,742 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Agricultural Mortgage were worth $596,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $2,141,000. Captrust Financial Advisors purchased a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $24,137,000. Quadrature Capital Ltd lifted its stake in shares of Federal Agricultural Mortgage by 49.6% during the 4th quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock valued at $2,669,000 after buying an additional 4,628 shares in the last quarter. Boston Partners lifted its stake in shares of Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after buying an additional 36,560 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the company’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 sale, the director now directly owns 4,595 shares in the company, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the company’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 transaction, the director now directly owns 4,595 shares in the company, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the company’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 owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Stock Up 0.3 %

Shares of AGM stock opened at $185.84 on Tuesday. The stock has a market cap of $2.02 billion, a P/E ratio of 11.33, a PEG ratio of 1.64 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. The company’s fifty day simple moving average is $185.41 and its two-hundred day simple moving average is $185.62.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results 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 in the previous year, the firm earned $3.86 EPS. Analysts predict that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio is 34.15%.

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.