Barnett & Company Inc. Has $8.50 Million Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Barnett & Company Inc. lifted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,364 shares of the credit services provider’s stock after acquiring an additional 650 shares during the period. Federal Agricultural Mortgage accounts for about 5.6% of Barnett & Company Inc.’s investment portfolio, making the stock its 2nd largest position. Barnett & Company Inc. owned approximately 0.42% of Federal Agricultural Mortgage worth $8,502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its stake in Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after purchasing an additional 57 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after buying an additional 29,917 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Federal Agricultural Mortgage by 10.6% in the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock valued at $32,259,000 after acquiring an additional 16,487 shares during the period. US Bancorp DE increased its position in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after acquiring an additional 75 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in Federal Agricultural Mortgage during the 3rd quarter valued at $358,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Transactions at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the 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 sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,967 shares of company stock valued at $729,487. Corporate insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM traded down $0.16 during trading on Tuesday, hitting $213.32. 5,524 shares of the stock were exchanged, compared to its average volume of 54,065. The company’s fifty day simple moving average is $187.28 and its 200-day simple moving average is $186.33. 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 $2.32 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 1-year low of $156.74 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last announced 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 during the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the company posted $4.13 EPS. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is 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.