Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,735 shares of the credit services provider’s stock after buying an additional 57 shares during the quarter. Atria Investments Inc owned about 0.08% of Federal Agricultural Mortgage worth $1,637,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Federal Agricultural Mortgage by 39.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,462 shares of the credit services provider’s stock valued at $878,000 after purchasing an additional 1,267 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth about $258,000. ProShare Advisors LLC increased its holdings in Federal Agricultural Mortgage by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock valued at $323,000 after acquiring an additional 129 shares in the last quarter. Entropy Technologies LP acquired a new position in Federal Agricultural Mortgage during the first quarter worth about $367,000. Finally, Cynosure Group LLC purchased a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at about $329,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other 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 transaction of $126,416.75. Following the transaction, the director now owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This trade represents a 17.52 % decrease in their ownership of the stock. 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 business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,967 shares of company stock valued at $1,148,587 in the last three months. Corporate insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $206.24 on Friday. Federal Agricultural Mortgage Co. has a 1-year low of $161.72 and a 1-year high of $217.60. The firm has a 50 day simple moving average of $188.99 and a 200-day simple moving average of $186.90. The firm has a market cap of $2.24 billion, a PE ratio of 13.26, a P/E/G ratio of 1.90 and a beta of 1.04. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last released its 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 company had revenue of $411.40 million during the quarter, compared to analyst estimates 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 in the prior year, the business posted $4.13 earnings per share. On average, equities 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. Stockholders 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 dividend yield of 2.72%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.01%.

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.