Geode Capital Management LLC boosted its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 2.9% during the first quarter, Holdings Channel reports. The firm owned 70,310 shares of the credit services provider’s stock after buying an additional 1,980 shares during the period. Geode Capital Management LLC’s holdings in Federal Agricultural Mortgage Corporation were worth $4,047,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. boosted its stake in Federal Agricultural Mortgage Corporation by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 22,700 shares of the credit services provider’s stock valued at $1,307,000 after buying an additional 600 shares during the period. Eqis Capital Management Inc. boosted its stake in Federal Agricultural Mortgage Corporation by 14.0% in the first quarter. Eqis Capital Management Inc. now owns 6,634 shares of the credit services provider’s stock valued at $382,000 after buying an additional 816 shares during the period. LSV Asset Management boosted its stake in Federal Agricultural Mortgage Corporation by 3.1% in the first quarter. LSV Asset Management now owns 594,225 shares of the credit services provider’s stock valued at $34,209,000 after buying an additional 17,856 shares during the period. Algert Global LLC boosted its stake in Federal Agricultural Mortgage Corporation by 3.0% in the first quarter. Algert Global LLC now owns 12,520 shares of the credit services provider’s stock valued at $721,000 after buying an additional 360 shares during the period. Finally, Boston Partners boosted its stake in Federal Agricultural Mortgage Corporation by 2.2% in the first quarter. Boston Partners now owns 116,672 shares of the credit services provider’s stock valued at $6,717,000 after buying an additional 2,472 shares during the period. Institutional investors own 64.11% of the company’s stock.

Federal Agricultural Mortgage Corporation (AGM) traded down 1.085% during trading on Thursday, hitting $66.085. The company had a trading volume of 4,729 shares. The company’s 50 day moving average price is $67.50 and its 200-day moving average price is $61.31. The stock has a market capitalization of $700.77 million, a price-to-earnings ratio of 9.105 and a beta of 1.16. Federal Agricultural Mortgage Corporation has a 1-year low of $37.84 and a 1-year high of $74.01.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.12. The firm had revenue of $43.48 million for the quarter. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%. On average, analysts expect that Federal Agricultural Mortgage Corporation will post $5.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 14th. Federal Agricultural Mortgage Corporation’s payout ratio is presently 19.81%.

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Several analysts have recently weighed in on AGM shares. Keefe, Bruyette & Woods set a $65.00 price target on Federal Agricultural Mortgage Corporation and gave the stock a “hold” rating in a report on Tuesday, May 16th. TheStreet upgraded Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Finally, BidaskClub cut Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

In other news, Director Sara Louise Faivre-Davis sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $69.67, for a total value of $27,798.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Dale Lynch sold 4,392 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $70.00, for a total value of $307,440.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,946 shares of company stock valued at $592,412. 3.75% of the stock is currently owned by company insiders.

About Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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 Corporation (NYSE:AGM).

Institutional Ownership by Quarter for Federal Agricultural Mortgage Corporation (NYSE:AGM)

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