Federal Agricultural Mortgage Co. (NYSE:AGM) is Weybosset Research & Management LLC's 3rd Largest Position

Weybosset Research & Management LLC reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,817 shares of the credit services provider's stock after selling 2,805 shares during the quarter. Federal Agricultural Mortgage comprises approximately 7.0% of Weybosset Research & Management LLC's investment portfolio, making the stock its 3rd biggest holding. Weybosset Research & Management LLC owned about 1.02% of Federal Agricultural Mortgage worth $20,768,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AGM. Boston Partners grew its stake in Federal Agricultural Mortgage by 8.1% during the 1st 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 during the last quarter. American Century Companies Inc. boosted its position in 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 buying an additional 36,380 shares during the last quarter. Captrust Financial Advisors acquired a new position in Federal Agricultural Mortgage in the 1st quarter worth approximately $24,137,000. Envestnet Asset Management Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider's stock valued at $11,883,000 after acquiring an additional 1,098 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Federal Agricultural Mortgage by 0.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 46,518 shares of the credit services provider's stock worth $8,411,000 after acquiring an additional 293 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

AGM stock traded up $0.34 during midday trading on Thursday, reaching $182.06. The stock had a trading volume of 42,352 shares, compared to its average volume of 55,244. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.65 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. The company's fifty day simple moving average is $188.55 and its 200 day simple moving average is $186.05.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46). The company had revenue of $406.23 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $3.86 EPS. As a group, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, September 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 34.15%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the sale, the director now owns 4,595 shares of the company's stock, valued at approximately $868,133.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the sale, the director now directly owns 4,595 shares of the company's stock, valued at approximately $868,133.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,045 shares in the company, valued at approximately $4,018,362.60. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock worth $729,487 in the last ninety days. 2.58% of the stock is 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.