Russell Investments Group Ltd. Cuts Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Russell Investments Group Ltd. cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,638 shares of the credit services provider's stock after selling 2,289 shares during the period. Russell Investments Group Ltd. owned 0.35% of Federal Agricultural Mortgage worth $7,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Federal Agricultural Mortgage by 36.6% during the third quarter. Jane Street Group LLC now owns 16,548 shares of the credit services provider's stock worth $3,101,000 after buying an additional 4,434 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Federal Agricultural Mortgage in the 3rd quarter worth $399,000. Barclays PLC lifted its position in Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after acquiring an additional 11,721 shares during the period. Vestcor Inc purchased a new stake in Federal Agricultural Mortgage during the 3rd quarter valued at about $525,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Federal Agricultural Mortgage by 5.8% in the third quarter. Sanctuary Advisors LLC now owns 12,691 shares of the credit services provider's stock valued at $2,603,000 after purchasing an additional 693 shares during the period. Hedge funds and other institutional investors own 68.03% of the company's stock.

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Federal Agricultural Mortgage Stock Performance

Shares of AGM stock traded down $1.08 during trading hours on Tuesday, hitting $170.38. The company's stock had a trading volume of 25,728 shares, compared to its average volume of 44,391. The stock has a market cap of $1.86 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. Federal Agricultural Mortgage Co. has a 12-month low of $159.64 and a 12-month high of $217.60. The company has a 50 day moving average of $191.43 and a 200 day moving average of $195.18. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same period in the prior year, the company earned $4.10 earnings per share. On average, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.52%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.47%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now owns 8,644 shares of the company's stock, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert G. Sexton acquired 1,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, with a total value of $195,620.00. Following the transaction, the director now owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. This trade represents a 7.99 % increase in their position. The disclosure for this purchase can be found here. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

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.