Renaissance Technologies LLC Sells 30,300 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Renaissance Technologies LLC decreased its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,600 shares of the credit services provider's stock after selling 30,300 shares during the period. Renaissance Technologies LLC owned approximately 0.55% of Federal Agricultural Mortgage worth $10,777,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AGM. Envestnet Asset Management Inc. grew its position in shares of Federal Agricultural Mortgage by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider's stock worth $11,883,000 after buying an additional 1,098 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Federal Agricultural Mortgage by 28.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,738 shares of the credit services provider's stock valued at $314,000 after purchasing an additional 389 shares in the last quarter. Westover Capital Advisors LLC raised its holdings in shares of Federal Agricultural Mortgage by 19.5% during the second quarter. Westover Capital Advisors LLC now owns 5,876 shares of the credit services provider's stock valued at $1,062,000 after purchasing an additional 960 shares during the period. American Century Companies Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider's stock worth $32,187,000 after purchasing an additional 36,380 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its stake in Federal Agricultural Mortgage by 7.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 30,297 shares of the credit services provider's stock valued at $5,494,000 after buying an additional 2,074 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

Insider Buying and Selling

In related news, EVP Stephen P. Mullery sold 2,472 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares of the company's stock, valued at $4,018,362.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares of the company's stock, valued at $4,018,362.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now directly owns 3,225 shares of the company's stock, valued at $595,173.75. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock worth $729,487 in the last 90 days. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Trading Down 1.3 %

AGM stock traded down $2.42 during midday trading on Tuesday, hitting $181.89. The company had a trading volume of 17,067 shares, compared to its average volume of 55,720. The stock's 50 day moving average price is $192.42 and its 200 day moving average price is $186.28. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.61 and a beta of 1.04. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage Co. has a 52 week low of $140.44 and a 52 week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.46). The firm had revenue of $406.23 million during the quarter, compared to analysts' expectations of $91.77 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter in the previous year, the business earned $3.86 EPS. As a group, equities research analysts expect that Federal Agricultural Mortgage Co. will post 16.19 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $1.40 dividend. The ex-dividend date is Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.08%. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated 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.