Smith Moore & CO. purchased a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,000 shares of the credit services provider’s stock, valued at approximately $436,000. Smith Moore & CO. owned approximately 0.06% of Federal Agricultural Mortgage Corporation at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AGM. Renaissance Technologies LLC raised its position in Federal Agricultural Mortgage Corporation by 31.4% during the second quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock valued at $15,690,000 after acquiring an additional 57,900 shares in the last quarter. ClariVest Asset Management LLC raised its position in Federal Agricultural Mortgage Corporation by 48.0% during the second quarter. ClariVest Asset Management LLC now owns 172,081 shares of the credit services provider’s stock valued at $11,133,000 after acquiring an additional 55,820 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Federal Agricultural Mortgage Corporation during the second quarter valued at approximately $2,969,000. Prudential Financial Inc. raised its position in Federal Agricultural Mortgage Corporation by 22.7% during the second quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock valued at $10,544,000 after acquiring an additional 30,144 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Federal Agricultural Mortgage Corporation by 486.8% during the second quarter. Alliancebernstein L.P. now owns 32,860 shares of the credit services provider’s stock valued at $2,126,000 after acquiring an additional 27,260 shares in the last quarter. Institutional investors own 64.86% of the company’s stock.

In related news, insider Timothy L. Buzby sold 10,560 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $74.15, for a total transaction of $783,024.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Engebretsen sold 400 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $65.64, for a total value of $26,256.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,856 shares of company stock worth $2,244,371 in the last 90 days. 3.75% of the stock is currently owned by insiders.

Shares of Federal Agricultural Mortgage Corporation (NYSE AGM) traded down $2.53 on Wednesday, reaching $68.50. The company’s stock had a trading volume of 14,106 shares, compared to its average volume of 48,436. Federal Agricultural Mortgage Corporation has a one year low of $40.51 and a one year high of $77.78. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $750.64, a price-to-earnings ratio of 13.13 and a beta of 1.25.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $43.48 million during the quarter. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 2.10%. Federal Agricultural Mortgage Corporation’s payout ratio is presently 19.83%.

Several brokerages recently weighed in on AGM. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a research report on Thursday, September 21st. TheStreet lowered Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Finally, BidaskClub lowered Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

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Federal Agricultural Mortgage Corporation Profile

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.

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

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