Sei Investments Co. Trims Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Sei Investments Co. trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 25.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,482 shares of the credit services provider's stock after selling 4,311 shares during the quarter. Sei Investments Co. owned 0.11% of Federal Agricultural Mortgage worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Boston Partners boosted its holdings in Federal Agricultural Mortgage by 8.1% during the first quarter. Boston Partners now owns 486,964 shares of the credit services provider's stock worth $95,435,000 after purchasing an additional 36,560 shares during the last quarter. American Century Companies Inc. boosted its stake 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 buying an additional 36,380 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Federal Agricultural Mortgage in the first quarter valued at approximately $24,137,000. Envestnet Asset Management Inc. grew its holdings in shares of Federal Agricultural Mortgage by 1.7% in the second 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Federal Agricultural Mortgage by 0.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 46,518 shares of the credit services provider's stock valued at $8,411,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Performance

AGM traded up $3.70 during trading on Friday, hitting $185.76. 33,202 shares of the company traded hands, compared to its average volume of 55,129. The firm has a market cap of $2.02 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage Co. has a one year low of $140.44 and a one year high of $217.60. The stock's fifty day moving average is $187.35 and its 200 day moving average is $186.03.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The company had revenue of $406.23 million for the quarter, compared to analysts' expectations of $91.77 million. During the same quarter in the previous year, the business earned $3.86 EPS. As a group, equities analysts predict that Federal Agricultural Mortgage Co. will post 15.95 EPS 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 $1.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 3.01%. Federal Agricultural Mortgage's payout ratio is presently 34.15%.

Insider Activity

In related news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the sale, the director now owns 4,595 shares of the company's stock, valued at approximately $868,133.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the company's 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 directly owns 4,595 shares in the company, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage 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 transaction, the executive vice president now owns 22,045 shares of the company's stock, valued at $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock valued at $729,487 in the last 90 days. Insiders own 2.58% of the company's stock.

Wall Street Analyst Weigh In

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

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.