Barclays PLC grew its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 181.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,172 shares of the credit services provider's stock after purchasing an additional 11,721 shares during the period. Barclays PLC owned approximately 0.17% of Federal Agricultural Mortgage worth $3,405,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Federal Agricultural Mortgage during the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd increased its position in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after acquiring an additional 234 shares during the period. Fifth Third Bancorp raised its stake in Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock worth $94,000 after acquiring an additional 321 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage in the 2nd quarter worth $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter worth about $181,000. Institutional investors and hedge funds own 68.03% of the company's stock.
Insider Transactions at Federal Agricultural Mortgage
In related news, Director Mitchell A. Johnson sold 1,500 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total value of $307,035.00. Following the completion of the sale, the director now owns 11,060 shares of the company's stock, valued at approximately $2,263,871.40. This represents a 11.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the sale, the chief executive officer now directly owns 41,104 shares of the company's stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,573 shares of company stock valued at $1,808,561 over the last 90 days. Corporate insiders own 2.21% of the company's stock.
Federal Agricultural Mortgage Stock Performance
NYSE:AGM traded up $1.31 during midday trading on Tuesday, hitting $198.55. The company's stock had a trading volume of 13,609 shares, compared to its average volume of 52,723. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $2.16 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.95 and a beta of 1.07. The firm's 50 day moving average is $201.93 and its 200-day moving average is $192.55.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) 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. Equities analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 2.82%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.01%.
Federal Agricultural Mortgage Company Profile
(
Free Report)
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.
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