Strs Ohio reduced its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,100 shares of the credit services provider’s stock after selling 1,000 shares during the period. Strs Ohio owned approximately 0.10% of Federal Agricultural Mortgage Corporation worth $718,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AGM. Stifel Financial Corp bought a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $300,000. Prudential Financial Inc. raised its position in Federal Agricultural Mortgage Corporation by 29.2% in the first quarter. Prudential Financial Inc. now owns 132,828 shares of the credit services provider’s stock valued at $7,647,000 after buying an additional 29,995 shares in the last quarter. Nordea Investment Management AB raised its position in Federal Agricultural Mortgage Corporation by 20.3% in the first quarter. Nordea Investment Management AB now owns 111,300 shares of the credit services provider’s stock valued at $6,408,000 after buying an additional 18,792 shares in the last quarter. Hancock Holding Co. bought a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $1,240,000. Finally, Virginia Retirement Systems ET AL raised its position in Federal Agricultural Mortgage Corporation by 52.3% in the first quarter. Virginia Retirement Systems ET AL now owns 13,100 shares of the credit services provider’s stock valued at $754,000 after buying an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 64.11% of the company’s stock.

Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at 65.79 on Tuesday. The firm has a 50-day moving average of $67.47 and a 200 day moving average of $61.56. Federal Agricultural Mortgage Corporation has a 1-year low of $37.84 and a 1-year high of $74.01. The firm has a market cap of $697.64 million, a price-to-earnings ratio of 9.06 and a beta of 1.16.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.12. The business had revenue of $43.48 million for the quarter. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. Analysts expect that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.19%. Federal Agricultural Mortgage Corporation’s payout ratio is 19.81%.

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Several research firms have weighed in on AGM. BidaskClub lowered shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet lowered shares of Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods set a $65.00 price objective on shares of Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th.

In related news, Director Douglas Flory sold 1,325 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $61.16, for a total transaction of $81,037.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lowell Junkins sold 500 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $62.38, for a total transaction of $31,190.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,296 shares of company stock worth $617,312. 3.75% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Corporation Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

Institutional Ownership by Quarter for Federal Agricultural Mortgage Corporation (NYSE:AGM)

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