Quest Partners LLC Grows Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Quest Partners LLC lifted its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 141.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,022 shares of the credit services provider's stock after purchasing an additional 2,945 shares during the quarter. Quest Partners LLC's holdings in Federal Agricultural Mortgage were worth $941,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AGM. Thrivent Financial for Lutherans purchased a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at $3,949,000. Empowered Funds LLC increased its position in shares of Federal Agricultural Mortgage by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 42,982 shares of the credit services provider's stock valued at $8,055,000 after purchasing an additional 1,962 shares during the last quarter. Victory Capital Management Inc. lifted its position in Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock worth $724,000 after buying an additional 70 shares during the last quarter. Barnett & Company Inc. grew its position in Federal Agricultural Mortgage by 1.5% during the third quarter. Barnett & Company Inc. now owns 45,364 shares of the credit services provider's stock valued at $8,502,000 after acquiring an additional 650 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Federal Agricultural Mortgage by 0.7% in the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock worth $1,637,000 after acquiring an additional 57 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 1,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $211.10, for a total value of $211,100.00. Following the sale, the director now directly owns 13,060 shares of the company's stock, valued at $2,756,966. This represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the transaction, the director now directly owns 3,225 shares of the company's stock, valued at approximately $595,173.75. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,967 shares of company stock valued at $1,148,587. 2.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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 report on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Down 1.7 %

Shares of Federal Agricultural Mortgage stock opened at $201.63 on Thursday. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.86 and a beta of 1.04. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company's 50 day moving average price is $190.31 and its 200-day moving average price is $187.16. Federal Agricultural Mortgage Co. has a 52-week low of $161.72 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same period in the previous year, the business earned $4.13 earnings per share. Equities research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 36.01%.

Federal Agricultural Mortgage 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.