Sanctuary Advisors LLC Makes New Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Sanctuary Advisors LLC acquired a new position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,998 shares of the credit services provider's stock, valued at approximately $2,292,000. Sanctuary Advisors LLC owned about 0.11% of Federal Agricultural Mortgage as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AGM. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at approximately $36,000. Sunbelt Securities Inc. boosted its position in shares of Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider's stock worth $40,000 after purchasing an additional 134 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock worth $94,000 after purchasing an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Federal Agricultural Mortgage during the 2nd quarter valued at about $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage during the 2nd quarter valued at about $181,000. Institutional investors own 68.03% of the company's stock.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now owns 4,595 shares in the company, valued at $868,133.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 4,595 shares of the company's stock, valued at $868,133.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,967 shares of company stock valued at $729,487. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock traded up $0.21 during trading on Tuesday, hitting $183.08. 20,406 shares of the company's stock were exchanged, compared to its average volume of 54,789. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.65 and a beta of 1.04. The business has a 50-day simple moving average of $186.89 and a 200-day simple moving average of $185.91. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its 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). The firm 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 quarter in the prior year, the firm earned $3.86 earnings per share. On average, research analysts forecast that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage's dividend payout ratio is presently 34.15%.

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.