Captrust Financial Advisors Purchases 20,603 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Captrust Financial Advisors raised its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,983 shares of the credit services provider's stock after buying an additional 20,603 shares during the quarter. Captrust Financial Advisors owned about 2.09% of Federal Agricultural Mortgage worth $42,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AGM. International Assets Investment Management LLC purchased a new position in shares of Federal Agricultural Mortgage in the third quarter valued at $175,610,000. Boston Partners grew its holdings in shares of Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider's stock valued at $95,435,000 after purchasing an additional 36,560 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Federal Agricultural Mortgage by 25.7% in the second 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after buying an additional 29,917 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in Federal Agricultural Mortgage during the third quarter worth $3,949,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Trading Up 1.0 %

NYSE AGM traded up $2.16 on Friday, hitting $213.47. 28,079 shares of the stock were exchanged, compared to its average volume of 53,804. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a fifty day moving average price of $193.60 and a two-hundred day moving average price of $188.60. The firm has a market capitalization of $2.32 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.90 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52-week low of $164.77 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million for the quarter, compared to analysts' expectations of $92.15 million. During the same period in the previous year, the firm earned $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 Announces Dividend

The firm 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 dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 annualized dividend and a dividend yield of 2.62%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.01%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the completion of the sale, the director now directly owns 11,060 shares in the company, valued at approximately $2,263,871.40. This trade represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,467 shares of company stock worth $1,455,622. 2.58% of the stock is currently owned by insiders.

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.