Thrivent Financial for Lutherans Acquires Shares of 21,073 Federal Agricultural Mortgage Co. (NYSE:AGM)

Thrivent Financial for Lutherans acquired a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,073 shares of the credit services provider’s stock, valued at approximately $3,949,000.

A number of other large investors also recently added to or reduced their stakes in AGM. nVerses Capital LLC purchased a new position in Federal Agricultural Mortgage in the second quarter valued at $36,000. Fifth Third Bancorp increased its position in Federal Agricultural Mortgage by 160.5% during the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after buying an additional 321 shares during the period. Ridgewood Investments LLC acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter worth $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage in the 2nd quarter valued at about $181,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth approximately $205,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Up 0.6 %

Shares of AGM opened at $205.09 on Monday. The company’s fifty day moving average is $191.02 and its two-hundred day moving average is $187.57. Federal Agricultural Mortgage Co. has a fifty-two week low of $161.72 and a fifty-two 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 1.58. The firm has a market cap of $2.23 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last released 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 analysts’ expectations 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 firm earned $4.13 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 2.73%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction on 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 owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 1,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total transaction of $208,000.00. Following the sale, the director now directly owns 14,060 shares in the company, valued at approximately $2,924,480. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,467 shares of company stock worth $1,455,622 in the last ninety days. 2.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage 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.