Rice Hall James & Associates LLC Acquires 16,487 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Rice Hall James & Associates LLC lifted its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 10.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,129 shares of the credit services provider's stock after buying an additional 16,487 shares during the quarter. Federal Agricultural Mortgage comprises 1.7% of Rice Hall James & Associates LLC's portfolio, making the stock its 13th biggest holding. Rice Hall James & Associates LLC owned about 1.58% of Federal Agricultural Mortgage worth $32,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its stake in shares of Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider's stock valued at $95,435,000 after buying an additional 36,560 shares during the period. American Century Companies Inc. increased 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 worth $32,187,000 after purchasing an additional 36,380 shares during the period. Captrust Financial Advisors bought a new stake in Federal Agricultural Mortgage during the 1st quarter worth about $24,137,000. International Assets Investment Management LLC acquired a new position in Federal Agricultural Mortgage in the third quarter valued at approximately $175,610,000. Finally, Envestnet Asset Management Inc. boosted its position 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 worth $11,883,000 after purchasing an additional 1,098 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Stock Performance

AGM stock traded up $1.09 during midday trading on Friday, reaching $184.36. 64,789 shares of the company were exchanged, compared to its average volume of 53,901. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The business has a 50-day moving average price of $186.53 and a two-hundred day moving average price of $185.49. Federal Agricultural Mortgage Co. has a one year low of $155.11 and a one year high of $217.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to analyst estimates of $91.77 million. During the same quarter last year, the company posted $3.86 EPS. Equities research analysts forecast that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $1.40 per share. The ex-dividend date was Monday, September 16th. This represents a $5.60 annualized dividend and a yield of 3.04%. Federal Agricultural Mortgage's payout ratio is currently 34.19%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were 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 of the company's stock, valued at $4,018,362.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the transaction, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,967 shares of company stock worth $729,487 in the last ninety days. 2.58% of the stock is owned by company insiders.

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.