HighTower Advisors LLC purchased a new stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,294 shares of the credit services provider’s stock, valued at approximately $991,000. HighTower Advisors LLC owned about 0.14% of Federal Agricultural Mortgage Corporation at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its position in shares of Federal Agricultural Mortgage Corporation by 9.6% in the 2nd quarter. Stifel Financial Corp now owns 5,727 shares of the credit services provider’s stock valued at $371,000 after buying an additional 503 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Federal Agricultural Mortgage Corporation by 8.2% in the 2nd quarter. Voya Investment Management LLC now owns 5,449 shares of the credit services provider’s stock valued at $353,000 after buying an additional 413 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Federal Agricultural Mortgage Corporation in the 2nd quarter valued at about $275,000. Renaissance Technologies LLC grew its position in shares of Federal Agricultural Mortgage Corporation by 31.4% in the 2nd quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock valued at $15,690,000 after buying an additional 57,900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Federal Agricultural Mortgage Corporation by 18.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 66,188 shares of the credit services provider’s stock valued at $4,282,000 after buying an additional 10,197 shares during the last quarter. Hedge funds and other institutional investors own 65.14% of the company’s stock.

In related news, insider Timothy L. Buzby sold 937 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $74.87, for a total value of $70,153.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis A. Everson sold 700 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $67.08, for a total value of $46,956.00. The disclosure for this sale can be found here. Insiders sold 35,647 shares of company stock worth $2,579,610 over the last three months. 3.75% of the stock is owned by insiders.

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A number of research firms have commented on AGM. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a research report on Thursday, September 21st. TheStreet lowered Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

Federal Agricultural Mortgage Corporation (AGM) opened at 76.65 on Friday. The stock has a 50 day moving average price of $69.45 and a 200-day moving average price of $64.46. Federal Agricultural Mortgage Corporation has a 52 week low of $39.09 and a 52 week high of $77.54. The firm has a market capitalization of $812.80 million, a P/E ratio of 10.56 and a beta of 1.18.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.36 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. Federal Agricultural Mortgage Corporation’s payout ratio is presently 19.81%.

Federal Agricultural Mortgage Corporation 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.

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

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