Thrivent Financial for Lutherans Acquires New Shares in Federal Agricultural Mortgage Co. (NYSE:AGM)

Thrivent Financial for Lutherans purchased a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,073 shares of the credit services provider's stock, valued at approximately $3,949,000. Thrivent Financial for Lutherans owned about 0.19% of Federal Agricultural Mortgage as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at $36,000. Fifth Third Bancorp increased its stake in Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock valued at $94,000 after purchasing 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. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $181,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at about $205,000. Institutional investors and hedge funds own 68.03% of the company's stock.

Analyst Upgrades and Downgrades

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.

Insider Buying and Selling

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the company's stock in a transaction 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 of the company's stock, valued at $868,133.35. This represents a 12.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated 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 directly owns 22,045 shares of the company's stock, valued at approximately $4,018,362.60. This trade represents a 10.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,467 shares of company stock valued at $1,455,622. 2.21% of the stock is owned by insiders.

Federal Agricultural Mortgage Stock Up 2.9 %

AGM traded up $5.86 during trading on Monday, hitting $210.95. 55,062 shares of the company's stock were exchanged, compared to its average volume of 54,101. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The business's 50 day moving average is $191.02 and its two-hundred day moving average is $187.57. Federal Agricultural Mortgage Co. has a fifty-two week low of $161.72 and a fifty-two week high of $217.60. The stock has a market cap of $2.30 billion, a P/E ratio of 13.57, a PEG ratio of 1.85 and a beta of 1.04.

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 firm had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same quarter in the previous year, the company earned $4.13 EPS. As a group, equities analysts expect that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage's payout ratio is 36.01%.

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.