Empowered Funds LLC Decreases Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Empowered Funds LLC lessened its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,824 shares of the credit services provider’s stock after selling 9,158 shares during the quarter. Empowered Funds LLC owned 0.31% of Federal Agricultural Mortgage worth $6,662,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Principal Financial Group Inc. increased 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 buying an additional 29,917 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Federal Agricultural Mortgage by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock worth $58,654,000 after acquiring an additional 7,283 shares during the period. Captrust Financial Advisors increased its stake in Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock valued at $42,539,000 after purchasing an additional 20,603 shares in the last quarter. Wellington Management Group LLP raised its holdings in Federal Agricultural Mortgage by 5.9% during the third quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after purchasing an additional 10,194 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in Federal Agricultural Mortgage by 10.6% during the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock worth $32,259,000 after purchasing an additional 16,487 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total value of $307,035.00. Following the sale, the director now directly owns 11,060 shares in the company, valued at $2,263,871.40. This represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradford T. Nordholm sold 5,073 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Trading Up 0.1 %

Shares of AGM stock opened at $197.99 on Tuesday. The stock has a market cap of $2.15 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The business has a fifty day simple moving average of $199.06 and a 200-day simple moving average of $194.31.

Federal Agricultural Mortgage Company Profile

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.