Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC reduced its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 109,305 shares of the credit services provider’s stock after selling 1,512 shares during the period. Federal Agricultural Mortgage accounts for approximately 7.3% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 2nd largest holding. Weybosset Research & Management LLC’s holdings in Federal Agricultural Mortgage were worth $21,528,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after purchasing an additional 29,917 shares during the last quarter. Captrust Financial Advisors grew its holdings in Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock valued at $42,539,000 after buying an additional 20,603 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Federal Agricultural Mortgage by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after acquiring an additional 10,194 shares during the period. American Century Companies Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after acquiring an additional 36,380 shares during the period. Finally, 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 worth $32,259,000 after acquiring an additional 16,487 shares during the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was 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 represents a 10.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred 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 sale, the director now owns 11,060 shares in the company, valued at $2,263,871.40. This represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,573 shares of company stock valued at $1,808,561. 2.58% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Trading Down 3.6 %

AGM stock traded down $6.77 on Friday, hitting $180.99. 6,747 shares of the company were exchanged, compared to its average volume of 32,166. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The business’s fifty day moving average is $203.77 and its two-hundred day moving average is $193.99. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month 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) last issued its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $92.15 million. During the same period last year, the business posted $4.13 earnings per share. As a group, research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was 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.