Eagle Asset Management Inc. Has $13.21 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Eagle Asset Management Inc. lessened its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,599 shares of the credit services provider’s stock after selling 12,541 shares during the quarter. Eagle Asset Management Inc. owned 0.58% of Federal Agricultural Mortgage worth $13,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its holdings in shares of Federal Agricultural Mortgage by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock valued at $323,000 after buying an additional 129 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Federal Agricultural Mortgage by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,653 shares of the credit services provider’s stock worth $2,492,000 after acquiring an additional 414 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth $24,137,000. Comerica Bank raised its holdings in shares of Federal Agricultural Mortgage by 6.4% during the 1st quarter. Comerica Bank now owns 2,552 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 154 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 0.6 %

Shares of AGM stock opened at $205.09 on Friday. The stock’s 50 day simple moving average is $191.02 and its 200 day simple moving average is $187.51. Federal Agricultural Mortgage Co. has a twelve month low of $161.72 and a twelve month high of $217.60. 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 $2.23 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.84 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the prior year, the business earned $4.13 EPS. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Transactions at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mitchell A. Johnson sold 1,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total transaction of $307,035.00. Following the completion of the sale, the director now directly owns 11,060 shares of the company’s stock, valued at approximately $2,263,871.40. This trade represents a 11.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,467 shares of company stock worth $1,455,622. Company insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

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

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.