Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,203 shares of the credit services provider’s stock after selling 145 shares during the quarter. HighTower Advisors LLC owned 0.12% of Federal Agricultural Mortgage worth $2,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AGM. Atria Investments Inc boosted its position in Federal Agricultural Mortgage by 0.7% in the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after buying an additional 57 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after acquiring an additional 70 shares during the period. US Bancorp DE boosted its holdings in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after acquiring an additional 75 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Federal Agricultural Mortgage by 7.8% in the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock worth $237,000 after acquiring an additional 92 shares during the period. Finally, nVerses Capital LLC raised its holdings in shares of Federal Agricultural Mortgage by 50.0% during the third quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 100 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total transaction of $211,100.00. Following the sale, the director now directly owns 13,060 shares in the company, valued at $2,756,966. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was 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 $8,770,360.48. The trade was a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,573 shares of company stock valued at $1,808,561 in the last 90 days. 2.58% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Trading Down 0.5 %

NYSE AGM opened at $210.23 on Friday. The company has a fifty day moving average of $199.45 and a 200 day moving average of $190.96. The company 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 current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data 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 net margin of 12.59% and a return on equity of 20.14%. During the same period last year, the firm earned $4.13 EPS. Research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current 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 $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.66%. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

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.