Barnett & Company Inc. Buys 650 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Barnett & Company Inc. increased its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,364 shares of the credit services provider’s stock after purchasing an additional 650 shares during the period. Federal Agricultural Mortgage makes up approximately 5.6% of Barnett & Company Inc.’s investment portfolio, making the stock its 2nd largest holding. Barnett & Company Inc.’s holdings in Federal Agricultural Mortgage were worth $8,502,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in Federal Agricultural Mortgage in the first quarter worth $24,137,000. International Assets Investment Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the third quarter worth $175,610,000. Boston Partners increased its holdings in Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after purchasing an additional 36,560 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 25.7% in 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 purchasing an additional 36,380 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after purchasing an additional 29,917 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 0.1 %

Shares of NYSE:AGM traded down $0.16 during midday trading on Tuesday, reaching $213.32. The company had a trading volume of 5,524 shares, compared to its average volume of 54,065. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average price is $187.28 and its 200 day moving average price is $186.33. The stock has a market cap of $2.32 billion, a PE ratio of 13.79, a P/E/G ratio of 1.87 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 1-year low of $156.74 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period last year, the company posted $4.13 earnings per share. Research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $1.40 per share. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.63%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.01%.

Insider Activity

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated Friday, September 6th. The shares were 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 of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage 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 completion of the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $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. Insiders have sold 3,967 shares of company stock valued at $729,487 over the last ninety days. 2.21% of the stock is currently owned by company insiders.

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.

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.