6 days Ago By ABMN Staff
Geode Capital Management LLC reduced its holdings in Federal Agricultural Mortgage Co. ( NYSE:AGM – Free Report ) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 214,779 shares of the credit services provider’s stock after selling 512 shares during the period. Geode Capital Management LLC owned about 1.97% of Federal Agricultural Mortgage worth $42,311,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Federal Agricultural Mortgage by 1,589.4% during the 4th quarter.
Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock worth $70,114,000 after purchasing an additional 334,928 shares during the period. Raymond James Financial Inc. purchased a new position in Federal Agricultural Mortgage during the fourth quarter valued at approximately $28,914,000.
Principal Financial Group Inc. lifted its holdings in Federal Agricultural Mortgage by 10.3% in the third quarter.
Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after acquiring an additional 29,917 shares during the period. American Century Companies Inc.
boosted its position in Federal Agricultural Mortgage by 10.9% in the 4th quarter. American Century Companies Inc.
now owns 220,261 shares of the credit services provider’s stock worth $43,380,000 after purchasing an additional 21,670 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Federal Agricultural Mortgage by 3.8% during the 4th quarter.
Boston Partners now owns 415,716 shares of the credit services provider’s stock worth $81,813,000 after purchasing an additional 15,140 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.
Insider Buying and Selling at Federal Agricultural Mortgage In other news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.
21, for a total value of $513,025.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at approximately $1,773,835.
24. This trade represents a 22.43 % decrease in their position.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, CFO Aparna Ramesh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $201.
86, for a total transaction of $201,860.00. Following the sale, the chief financial officer now owns 9,242 shares in the company, valued at $1,865,590.
12. The trade was a 9.76 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 2.58% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes Read Our Latest Analysis on AGM Federal Agricultural Mortgage Stock Up 2.4 % Shares of AGM opened at $171.11 on Tuesday.
The stock has a 50 day moving average price of $192.02 and a 200 day moving average price of $195.35.
The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.
69 and a beta of 1.01. The company has a debt-to-equity ratio of 1.
58, a quick ratio of 0.49 and a current ratio of 0.49.
Federal Agricultural Mortgage Co. has a one year low of $159.64 and a one year high of $217.
60. Federal Agricultural Mortgage ( NYSE:AGM – Get Free Report ) last posted its earnings results on Friday, February 21st. The credit services provider reported $4.
63 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.46.
The company had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million.
Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%.
During the same period in the previous year, the business posted $4.10 EPS. Equities research analysts forecast that Federal Agricultural Mortgage Co.
will post 17.6 earnings per share for the current fiscal year. Federal Agricultural Mortgage Increases Dividend The company also recently announced a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Friday, March 14th were issued a dividend of $1.50 per share. This represents a $6.
00 dividend on an annualized basis and a yield of 3.51%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.
40. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.
47%. About Federal Agricultural Mortgage ( Free Report ) 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. See Also Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter .
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