Federal Agricultural Mortgage Co. (NYSE:AGM) Stock Holdings Boosted by Atria Investments Inc

Atria Investments Inc raised its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 8,735 shares of the credit services provider’s stock after acquiring an additional 57 shares during the period. Atria Investments Inc’s holdings in Federal Agricultural Mortgage were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGM. BNP Paribas Financial Markets grew its holdings in Federal Agricultural Mortgage by 39.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,462 shares of the credit services provider’s stock worth $878,000 after buying an additional 1,267 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth about $258,000. ProShare Advisors LLC lifted its position in Federal Agricultural Mortgage by 8.5% in the first quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock worth $323,000 after purchasing an additional 129 shares during the period. Entropy Technologies LP acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $367,000. Finally, Cynosure Group LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth about $329,000. Institutional investors own 68.03% of the company’s stock.

Insider Buying and Selling

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 17.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,967 shares of company stock valued at $1,148,587. Insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Trading Down 0.7 %

NYSE:AGM opened at $206.24 on Friday. 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 has a market capitalization of $2.24 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.90 and a beta of 1.04. The stock’s 50 day moving average price is $188.99 and its 200 day moving average price is $186.90. 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) last announced its earnings results 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 return on equity of 20.14% and a net margin of 12.59%. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. During the same period in the previous year, the company earned $4.13 EPS. On average, research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.72%. Federal Agricultural Mortgage’s payout ratio is presently 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.