Foundry Partners LLC Acquires 355 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Foundry Partners LLC grew its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,605 shares of the credit services provider’s stock after acquiring an additional 355 shares during the period. Foundry Partners LLC’s holdings in Federal Agricultural Mortgage were worth $7,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC raised its position in 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 worth $323,000 after purchasing an additional 129 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $2,492,000 after acquiring an additional 414 shares during the last quarter. Captrust Financial Advisors bought a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $24,137,000. Comerica Bank increased its position in 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 during the period. Finally, Cetera Advisors LLC bought a new position in Federal Agricultural Mortgage during the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Down 1.7 %

AGM opened at $201.63 on Thursday. Federal Agricultural Mortgage Co. has a 1-year low of $161.72 and a 1-year high of $217.60. The company has a market cap of $2.19 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. The company has a fifty day moving average price of $190.31 and a two-hundred day moving average price of $187.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

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 the consensus estimate 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 company had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. During the same period in the previous year, the firm earned $4.13 EPS. Analysts predict that Federal Agricultural Mortgage Co. will post 15.85 EPS 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 issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Analyst Ratings Changes

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

Insider Activity at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $4,018,362.60. This represents a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now directly owns 14,060 shares of the company’s stock, valued at $2,924,480. This represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,967 shares of company stock valued at $1,148,587. 2.58% of the stock is owned by insiders.

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.