9 hours Ago By ABMN Staff
Invesco Ltd. lessened its position in Federal Agricultural Mortgage Co. ( NYSE:AGM – Free Report ) by 4.
6% in the fourth quarter, HoldingsChannel reports. The fund owned 34,607 shares of the credit services provider’s stock after selling 1,651 shares during the quarter. Invesco Ltd.
’s holdings in Federal Agricultural Mortgage were worth $6,816,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in Federal Agricultural Mortgage by 1,589.
4% in the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock valued at $70,114,000 after purchasing an additional 334,928 shares during the period. Raymond James Financial Inc.
acquired a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $28,914,000. Principal Financial Group Inc. increased its position in shares of Federal Agricultural Mortgage by 10.
3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after acquiring an additional 29,917 shares in the last quarter.
American Century Companies Inc. lifted 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 valued at $43,380,000 after acquiring an additional 21,670 shares in the last quarter. Finally, Boston Partners boosted its stake in Federal Agricultural Mortgage by 3.
8% during the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock valued at $81,813,000 after purchasing an additional 15,140 shares during the last quarter. Institutional investors own 68.
03% of the company’s stock. Federal Agricultural Mortgage Price Performance Shares of NYSE:AGM opened at $176.59 on Friday.
Federal Agricultural Mortgage Co. has a 1-year low of $159.64 and a 1-year high of $217.
60. The company has a current ratio of 0.49, a quick ratio of 0.
49 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1.
92 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.
01. The stock’s fifty day simple moving average is $187.93 and its two-hundred day simple moving average is $194.
65. Federal Agricultural Mortgage Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.
50 per share. The ex-dividend date was Friday, March 14th. This represents a $6.
00 annualized dividend and a dividend yield of 3.40%. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.
40. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.47%.
Insider Buying and Selling 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 transaction of $513,025.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link . Also, Director Robert G. Sexton acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th.
The stock was bought at an average price of $195.62 per share, for a total transaction of $195,620.00.
Following the completion of the transaction, the director now owns 13,517 shares of the company’s stock, valued at $2,644,195.54. The trade was a 7.
99 % increase in their position. The disclosure for this purchase can be found here . 2.
58% of the stock is currently owned by insiders. Analysts Set New Price Targets Separately, Keefe, Bruyette & Woods increased their price objective on Federal Agricultural Mortgage from $205.00 to $230.
00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Check Out Our Latest Analysis on Federal Agricultural Mortgage Federal Agricultural Mortgage Company Profile ( 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. Featured Articles Want to see what other hedge funds are holding AGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Agricultural Mortgage Co.
( NYSE:AGM – Free Report ). 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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