Federal Agricultural Mortgage Corporation $AGM Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 1,581.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,274 shares of the credit services provider’s stock after acquiring an additional 31,295 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $6,464,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Napatree Capital LLC increased its position in Federal Agricultural Mortgage by 7.2% in the 1st quarter. Napatree Capital LLC now owns 1,525 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 102 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Federal Agricultural Mortgage by 14.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,227 shares of the credit services provider’s stock worth $238,000 after buying an additional 159 shares during the period. Inspire Investing LLC boosted its holdings in Federal Agricultural Mortgage by 9.2% in the 2nd quarter. Inspire Investing LLC now owns 2,004 shares of the credit services provider’s stock valued at $389,000 after purchasing an additional 168 shares during the period. Cynosure Group LLC increased its stake in Federal Agricultural Mortgage by 11.2% during the first quarter. Cynosure Group LLC now owns 1,677 shares of the credit services provider’s stock valued at $314,000 after acquiring an additional 169 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the 1st quarter valued at $34,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AGM shares. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and raised their target price for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $219.00.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, insider Gregory Ramsey sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total value of $310,065.00. Following the sale, the insider owned 3,085 shares of the company’s stock, valued at approximately $637,700.35. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Zachary Carpenter sold 293 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total value of $60,091.37. Following the sale, the executive vice president owned 10,532 shares in the company, valued at $2,160,007.88. The trade was a 2.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,017 shares of company stock worth $1,240,807. Corporate insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock opened at $168.21 on Friday. The stock’s fifty day simple moving average is $170.79 and its 200 day simple moving average is $181.81. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $1.83 billion, a PE ratio of 9.91, a PEG ratio of 0.82 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a 12 month low of $155.00 and a 12 month high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 3rd. The credit services provider reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.09. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The business had revenue of $97.77 million during the quarter, compared to analysts’ expectations of $100.94 million. On average, research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.17%.

About Federal Agricultural Mortgage

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.