Federal Agricultural Mortgage Co. (NYSE:AGM) Stock Holdings Cut by Comerica Bank


Comerica Bank reduced its position in shares of Federal Agricultural Mortgage Co. (NYSE: AGMGet a rating) by 5.8% in the 1st quarter, HoldingsChannel reports. The institutional investor held 1,955 shares of the credit service provider after selling 120 shares during the quarter. Comerica Bank’s holdings in Federal Agricultural Mortgage were worth $219,000 when it last filed with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Mascoma Wealth Management LLC bought a new position in Federal Agricultural Mortgage during Q1 worth approximately $37,000. Empowered Funds LLC increased its position in Federal Agricultural Mortgage stocks by 36.2% during the 1st quarter. Empowered Funds LLC now owns 6,080 shares of the credit service provider worth $660,000 after purchasing an additional 1,616 shares during the period. Asset Dedication LLC acquired a new stake in shares of Federal Agricultural Mortgage during Q1 worth approximately $53,000. Copeland Capital Management LLC increased its position in Federal Agricultural Mortgage shares by 1.9% during the first quarter. Copeland Capital Management LLC now owns 301,887 shares of the credit service provider worth $32,749,000 after purchasing an additional 5,698 shares during the period. Finally, Barclays PLC increased its position in Federal Agricultural Mortgage shares by 24.4% during the fourth quarter. Barclays PLC now owns 37,074 shares of the credit services provider worth $4,594,000 after buying an additional 7,261 shares during the period. Institutional investors hold 65.92% of the company’s shares.

A Wall Street analyst gives his opinion

AGM has been the subject of a number of research reports. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a price target of $138.00 on the stock in a Thursday, May 5 research report. StockNews.com upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a Monday, July 25 research report.

Federal farm mortgage stock up 1.2%

AGM opened at $110.29 on Monday. Federal Agricultural Mortgage Co. has a 12-month low of $90.38 and a 12-month high of $137.01. The company has a debt ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $1.19 billion, a P/E ratio of 9.93 and a beta of 0.92. The stock’s 50-day moving average price is $99.53 and its 200-day moving average price is $109.82.

Federal Farm Mortgage (NYSE: AGMGet a rating) last released its results on Monday, May 9. The credit service provider reported EPS of $2.37 for the quarter. Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%. The company had revenue of $82.37 million for the quarter.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.95 per share. This represents an annualized dividend of $3.80 and a dividend yield of 3.45%. The ex-dividend date was Tuesday, June 14. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.20%.

Insider activity

In other news, Director Everett M. Dobrinski purchased 1,000 shares in a trade dated Wednesday, May 11. The shares were purchased at an average cost of $103.30 per share, for a total transaction of $103,300.00. Following the transaction, the administrator now owns 5,343 shares of the company, valued at $551,931.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. 2.21% of the shares are held by insiders.

Federal Agricultural Mortgage Profile

(Get a rating)

The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first lien on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

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



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