Charles Schwab Investment Management Inc. Has $20.15 Million Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Charles Schwab Investment Management Inc. lifted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,494 shares of the credit services provider's stock after acquiring an additional 6,444 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of Federal Agricultural Mortgage worth $20,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AGM. nVerses Capital LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $36,000. Fifth Third Bancorp raised 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 valued at $94,000 after acquiring an additional 321 shares in the last quarter. Ridgewood Investments LLC bought a new position in Federal Agricultural Mortgage during the second quarter valued at approximately $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at approximately $181,000. Finally, Cetera Advisors LLC bought a new stake in Federal Agricultural Mortgage in the first quarter worth approximately $205,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 41,104 shares of the company's stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell A. Johnson sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $208.00, for a total value of $208,000.00. Following the transaction, the director now owns 14,060 shares of the company's stock, 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. Over the last three months, insiders sold 11,170 shares of company stock worth $2,282,215. 2.58% of the stock is owned by insiders.

Federal Agricultural Mortgage Stock Up 0.5 %

Shares of Federal Agricultural Mortgage stock traded up $0.97 during midday trading on Friday, reaching $213.80. 38,987 shares of the company's stock traded hands, compared to its average volume of 44,158. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a 52 week low of $165.50 and a 52 week high of $217.60. The company's 50 day simple moving average is $196.63 and its 200 day simple moving average is $189.79. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts' consensus estimates 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 firm earned $4.13 EPS. Equities analysts expect that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared 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. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio 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.