Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 176,368 shares of the credit services provider's stock after selling 3,381 shares during the quarter. Loomis Sayles & Co. L P owned about 1.62% of Federal Agricultural Mortgage worth $33,053,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGM. Charles Schwab Investment Management Inc. raised its position in Federal Agricultural Mortgage by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider's stock valued at $20,145,000 after purchasing an additional 6,444 shares during the period. Foundry Partners LLC raised its holdings in shares of Federal Agricultural Mortgage by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 37,605 shares of the credit services provider's stock valued at $7,048,000 after buying an additional 355 shares during the period. Intech Investment Management LLC acquired a new position in Federal Agricultural Mortgage during the 3rd quarter worth approximately $300,000. Moors & Cabot Inc. lifted its position in Federal Agricultural Mortgage by 7.8% during the 3rd 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 in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 11,425 shares of the credit services provider's stock worth $2,141,000 after acquiring an additional 1,065 shares during the period. Institutional investors and hedge funds own 68.03% of the company's stock.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the transaction, the director now owns 14,060 shares of the company's stock, valued at $2,924,480. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the sale, the director now directly owns 3,225 shares in the company, valued at $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. Insiders sold a total of 7,467 shares of company stock valued at $1,455,622 in the last ninety days. Corporate insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Up 0.4 %

Shares of NYSE AGM traded up $0.80 during midday trading on Tuesday, reaching $211.75. 38,041 shares of the company's stock were exchanged, compared to its average volume of 54,030. 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 $161.72 and a 52-week high of $217.60. The business's fifty day moving average price is $191.51 and its two-hundred day moving average price is $187.79. The stock has a market capitalization of $2.30 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04.

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 earnings per share (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 business had revenue of $411.40 million for the quarter, compared to analysts' expectations of $92.15 million. During the same quarter in the prior year, the firm earned $4.13 earnings per share. Analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 EPS 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 issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 36.01%.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Company 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.