International Assets Investment Management LLC Takes $175.61 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

International Assets Investment Management LLC bought a new position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 93,705 shares of the credit services provider's stock, valued at approximately $175,610,000. International Assets Investment Management LLC owned approximately 0.86% of Federal Agricultural Mortgage as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Federal Agricultural Mortgage in the second quarter worth about $36,000. Sunbelt Securities Inc. raised its holdings in Federal Agricultural Mortgage by 194.2% in the first 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 increased its holdings in shares of Federal Agricultural Mortgage by 160.5% during the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock valued at $94,000 after acquiring an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Federal Agricultural Mortgage during the second quarter valued at about $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Agricultural Mortgage during the second quarter valued at about $181,000. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Stock Down 1.2 %

Shares of AGM traded down $2.14 during mid-day trading on Friday, hitting $183.42. 30,723 shares of the company traded hands, compared to its average volume of 37,197. Federal Agricultural Mortgage Co. has a 1-year low of $142.92 and a 1-year high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.00 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The business has a 50 day moving average of $186.76 and a 200 day moving average of $185.47.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.28% and a return on equity of 20.88%. The company had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. During the same quarter last year, the company earned $3.86 EPS. Equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $1.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.60 annualized dividend and a yield of 3.05%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 34.19%.

Insider Buying and Selling

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company'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 sale, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a 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.