Wellington Management Group LLP Raises Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Wellington Management Group LLP lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,569 shares of the credit services provider's stock after buying an additional 10,194 shares during the quarter. Wellington Management Group LLP owned about 1.68% of Federal Agricultural Mortgage worth $34,215,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter worth $36,000. Point72 DIFC Ltd grew its holdings in shares of Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after buying an additional 234 shares during the last quarter. Fifth Third Bancorp grew 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 buying an additional 321 shares during 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 and hedge funds.

Insider Activity at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mitchell A. Johnson sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the completion of the transaction, the director now owns 11,060 shares of the company's stock, valued at $2,263,871.40. The trade was a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,573 shares of company stock valued at $1,808,561 over the last ninety days. Corporate insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Down 0.6 %

Shares of NYSE AGM traded down $1.20 during mid-day trading on Friday, reaching $210.18. 9,803 shares of the company's stock traded hands, compared to its average volume of 53,059. The stock has a market cap of $2.29 billion, a P/E ratio of 13.60, a PEG ratio of 1.95 and a beta of 1.07. The business has a 50-day simple moving average of $198.96 and a 200 day simple moving average of $190.72. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The business had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the business earned $4.13 earnings per share. On average, analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage's payout ratio 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.