JPMorgan Chase & Co. Has $8.53 Million Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

JPMorgan Chase & Co. decreased its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 19.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 45,513 shares of the credit services provider's stock after selling 10,793 shares during the period. JPMorgan Chase & Co. owned 0.42% of Federal Agricultural Mortgage worth $8,530,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC lifted its position in 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 buying an additional 100 shares during the period. Point72 DIFC Ltd grew its stake in Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock worth $68,000 after buying an additional 234 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Federal Agricultural Mortgage in the second quarter valued at about $181,000. US Bancorp DE grew its position in Federal Agricultural Mortgage by 7.3% in the third 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 in the last quarter. Finally, NBC Securities Inc. lifted its holdings in Federal Agricultural Mortgage by 4,182.1% in the 3rd quarter. NBC Securities Inc. now owns 1,199 shares of the credit services provider's stock worth $224,000 after buying an additional 1,171 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Insider Buying and Selling at Federal Agricultural Mortgage

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

Federal Agricultural Mortgage Stock Up 1.5 %

Shares of Federal Agricultural Mortgage stock traded up $2.76 on Tuesday, hitting $187.59. 38,263 shares of the company's stock traded hands, compared to its average volume of 38,708. The stock has a market cap of $2.04 billion, a P/E ratio of 12.06, a PEG ratio of 1.89 and a beta of 1.09. The firm's 50-day moving average is $203.79 and its 200 day moving average is $194.31. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 52-week low of $169.17 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $92.15 million. During the same quarter in the prior year, the company posted $4.13 EPS. Equities analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $1.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $5.60 annualized dividend and a dividend yield of 2.99%. Federal Agricultural Mortgage's dividend payout ratio is currently 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.