UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 10.3% in the third quarter, HoldingsChannel reports. The firm owned 18,196 shares of the credit services provider’s stock after selling 2,092 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Federal Agricultural Mortgage were worth $3,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after purchasing an additional 29,917 shares during the period. American Century Companies Inc. increased its stake in Federal Agricultural Mortgage by 25.7% in the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after purchasing an additional 36,380 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in Federal Agricultural Mortgage by 10.6% during the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock worth $32,259,000 after buying an additional 16,487 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Federal Agricultural Mortgage by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after buying an additional 6,444 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at about $175,610,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM opened at $210.23 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The company’s 50 day simple moving average is $199.45 and its 200 day simple moving average is $190.96. The stock has a market capitalization of $2.29 billion, a PE ratio of 13.52, a P/E/G ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. During the same quarter in the previous year, the firm posted $4.13 EPS. As a group, sell-side analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.66%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Buying and Selling

In other news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the transaction, the chief executive officer now directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $208.00, for a total value of $208,000.00. Following the transaction, the director now owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,573 shares of company stock worth $1,808,561. 2.58% of the stock is currently owned by corporate insiders.

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.