Federal Agricultural Mortgage Corporation $AGM Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,050 shares of the credit services provider’s stock after selling 552 shares during the period. Envestnet Asset Management Inc.’s holdings in Federal Agricultural Mortgage were worth $13,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in Federal Agricultural Mortgage during the first quarter worth approximately $257,000. Napatree Capital LLC lifted its position in shares of Federal Agricultural Mortgage by 7.2% during the 1st quarter. Napatree Capital LLC now owns 1,525 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 102 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Federal Agricultural Mortgage by 11.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,794 shares of the credit services provider’s stock valued at $711,000 after acquiring an additional 376 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Federal Agricultural Mortgage by 11.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,857 shares of the credit services provider’s stock worth $723,000 after acquiring an additional 382 shares in the last quarter. Finally, Empirical Finance LLC acquired a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth $1,672,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Up 1.1%

NYSE:AGM opened at $164.01 on Friday. The business’s fifty day moving average price is $174.09 and its 200 day moving average price is $182.09. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.82 and a beta of 0.95. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. Federal Agricultural Mortgage Corporation has a 1-year low of $155.00 and a 1-year high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 3rd. The credit services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.09. The company had revenue of $105.09 million for the quarter, compared to analysts’ expectations of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. On average, sell-side analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.17%.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 4,224 shares of Federal Agricultural Mortgage stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $206.12, for a total transaction of $870,650.88. Following the completion of the sale, the chief executive officer owned 32,770 shares of the company’s stock, valued at $6,754,552.40. This trade represents a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory Ramsey sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $206.71, for a total transaction of $310,065.00. Following the transaction, the insider owned 3,085 shares in the company, valued at approximately $637,700.35. This represents a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,017 shares of company stock worth $1,240,807 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AGM has been the subject of several analyst reports. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from $217.00 to $219.00 in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average target price of $219.00.

Federal Agricultural Mortgage 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.