Voya Investment Management LLC increased its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,449 shares of the company’s stock after acquiring an additional 413 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Federal Agricultural Mortgage Corporation worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in Federal Agricultural Mortgage Corporation by 31.4% during the 2nd quarter. Renaissance Technologies LLC now owns 242,500 shares of the company’s stock worth $15,690,000 after acquiring an additional 57,900 shares in the last quarter. ClariVest Asset Management LLC lifted its position in Federal Agricultural Mortgage Corporation by 48.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 172,081 shares of the company’s stock worth $11,133,000 after acquiring an additional 55,820 shares in the last quarter. Prudential Financial Inc. lifted its position in Federal Agricultural Mortgage Corporation by 22.7% during the 2nd quarter. Prudential Financial Inc. now owns 162,972 shares of the company’s stock worth $10,544,000 after acquiring an additional 30,144 shares in the last quarter. Nordea Investment Management AB lifted its position in Federal Agricultural Mortgage Corporation by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 112,400 shares of the company’s stock worth $7,272,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Federal Agricultural Mortgage Corporation by 0.8% during the 2nd quarter. Northern Trust Corp now owns 104,157 shares of the company’s stock worth $6,740,000 after acquiring an additional 777 shares in the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

In other Federal Agricultural Mortgage Corporation news, Director James R. Engebretsen sold 600 shares of Federal Agricultural Mortgage Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$66.70, for a total transaction of C$40,020.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy L. Buzby sold 10,560 shares of Federal Agricultural Mortgage Corporation stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$74.15, for a total value of C$783,024.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,856 shares of company stock worth $2,244,371 over the last 90 days. 3.75% of the stock is owned by company insiders.

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

Federal Agricultural Mortgage Corporation (NYSE AGM) opened at C$67.77 on Friday. The company has a market capitalization of $718.57, a P/E ratio of 11.68 and a beta of 1.25. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 2.70. Federal Agricultural Mortgage Corporation has a 52-week low of C$47.05 and a 52-week high of C$77.78.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its quarterly earnings data on Thursday, November 9th. The company reported C$1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.46 by C$0.11. Federal Agricultural Mortgage Corporation had a return on equity of 15.06% and a net margin of 23.05%. The company had revenue of C$43.86 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 2.12%. Federal Agricultural Mortgage Corporation’s dividend payout ratio is presently 19.35%.

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About Federal Agricultural Mortgage Corporation

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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