Investors Asset Management of Georgia Inc. GA ADV Has $756,000 Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Investors Asset Management of Georgia Inc. GA ADV lessened its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGMFree Report) by 35.0% in the third quarter, Holdings Channel reports. The institutional investor owned 4,946 shares of the credit services provider’s stock after selling 2,667 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Federal Agricultural Mortgage were worth $756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGM. Russell Investments Group Ltd. boosted its holdings in Federal Agricultural Mortgage by 96.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 93,548 shares of the credit services provider’s stock valued at $13,447,000 after purchasing an additional 45,957 shares during the period. Renaissance Technologies LLC boosted its stake in Federal Agricultural Mortgage by 101.3% during the first quarter. Renaissance Technologies LLC now owns 77,900 shares of the credit services provider’s stock valued at $10,376,000 after buying an additional 39,200 shares during the period. JPMorgan Chase & Co. grew its position in Federal Agricultural Mortgage by 213.5% during the second quarter. JPMorgan Chase & Co. now owns 42,637 shares of the credit services provider’s stock worth $4,163,000 after buying an additional 29,038 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Federal Agricultural Mortgage by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 254,993 shares of the credit services provider’s stock worth $36,653,000 after acquiring an additional 22,562 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 27.6% in the 4th quarter. Eagle Asset Management Inc. now owns 96,279 shares of the credit services provider’s stock valued at $10,930,000 after acquiring an additional 20,827 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM traded up $3.35 during midday trading on Monday, hitting $187.35. 56,157 shares of the company’s stock were exchanged, compared to its average volume of 48,520. The business’s fifty day moving average price is $183.47 and its two-hundred day moving average price is $168.87. Federal Agricultural Mortgage Co. has a 12-month low of $122.10 and a 12-month high of $198.17. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.53. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 11.92 and a beta of 1.10.

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 Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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.

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

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