Alliancebernstein L.P. grew its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 486.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,860 shares of the credit services provider’s stock after buying an additional 27,260 shares during the quarter. Alliancebernstein L.P. owned 0.31% of Federal Agricultural Mortgage Corporation worth $2,126,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Federal Agricultural Mortgage Corporation by 10.8% in the 1st quarter. AQR Capital Management LLC now owns 266,281 shares of the credit services provider’s stock valued at $15,330,000 after buying an additional 25,889 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Federal Agricultural Mortgage Corporation by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 184,600 shares of the credit services provider’s stock valued at $10,627,000 after buying an additional 9,700 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Federal Agricultural Mortgage Corporation by 48.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 172,081 shares of the credit services provider’s stock valued at $11,133,000 after buying an additional 55,820 shares during the period. Prudential Financial Inc. boosted its stake in shares of Federal Agricultural Mortgage Corporation by 22.7% in the 2nd quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock valued at $10,544,000 after buying an additional 30,144 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Federal Agricultural Mortgage Corporation by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,159 shares of the credit services provider’s stock valued at $4,669,000 after buying an additional 2,284 shares during the period. Institutional investors and hedge funds own 65.16% of the company’s stock.

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AGM has been the subject of several recent research reports. BidaskClub cut Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet cut Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a research note on Thursday, September 21st.

In other news, insider Timothy L. Buzby sold 2,324 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $72.82, for a total value of $169,233.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy L. Buzby sold 937 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $74.87, for a total value of $70,153.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,647 shares of company stock valued at $2,579,610. Insiders own 3.75% of the company’s stock.

Federal Agricultural Mortgage Corporation (NYSE AGM) opened at 76.11 on Tuesday. The stock has a 50 day moving average price of $69.84 and a 200 day moving average price of $64.71. The stock has a market cap of $807.07 million, a PE ratio of 10.49 and a beta of 1.18. Federal Agricultural Mortgage Corporation has a 52 week low of $39.09 and a 52 week high of $77.78.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%. The business had revenue of $43.48 million during the quarter. On average, equities analysts predict that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.89%. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is currently 19.81%.

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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