Wedbush Securities Inc. sells 386 shares of Federal Agricultural Mortgage Co. (NYSE:AGM)
Wedbush Securities Inc. reduced its stake in shares of Federal Agricultural Mortgage Co. (NYSE: AGM – Get a rating) by 4.8% in the first quarter, according to the company in its latest 13F filing with the SEC. The company held 7,706 shares of the credit service provider after selling 386 shares during the quarter. Wedbush Securities Inc. held 0.07% of Federal Agricultural Mortgage worth $836,000 when it last filed with the SEC.
Several other large investors have also recently increased or reduced their stakes in AGM. Royal Bank of Canada increased its stake in Federal Agricultural Mortgage shares by 17.4% during the third quarter. Royal Bank of Canada now owns 15,515 shares of the credit service provider valued at $1,683,000 after purchasing an additional 2,299 shares during the period. Moors & Cabot Inc. bought a new position in Federal Agricultural Mortgage in Q3 for a value of approximately $577,000. UBS Asset Management Americas Inc. increased its stake in Federal Agricultural Mortgage by 1.2% in the third quarter. UBS Asset Management Americas Inc. now owns 7,450 shares of the credit services provider worth $808,000 after acquiring 86 additional shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Federal Agricultural Mortgage in Q4 for a value of approximately $685,000. Finally, Copeland Capital Management LLC increased its stake in Federal Agricultural Mortgage by 3.0% in the 4th quarter. Copeland Capital Management LLC now owns 296,189 shares of the credit service provider worth $36,707,000 after acquiring 8,698 additional shares in the last quarter. Institutional investors hold 65.92% of the company’s shares.
A number of stock analysts have weighed in on the company. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a target price of $138.00 on the stock in a Thursday, May 5 research note. StockNews.com downgraded Federal Agricultural Mortgage from a “buy” rating to a “hold” rating in a Tuesday, June 21 research note.
Separately, director Everett M. Dobrinski acquired 1,000 shares of Federal Agricultural Mortgage in a transaction 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 director now owns 5,343 shares of the company, valued at $551,931.90. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink. 1.83% of the shares are currently held by insiders.
Shares of Federal Farm Mortgage Action opened at $98.86 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt ratio of 1.32. The company has a market capitalization of $1.07 billion, a PE ratio of 8.90 and a beta of 0.93. The company’s 50-day moving average price is $100.67 and its 200-day moving average price is $113.22. Federal Agricultural Mortgage Co. has a 12-month low of $90.38 and a 12-month high of $137.01.
Federal Farm Mortgage (NYSE: AGM – Get a rating) last reported quarterly earnings data on Monday, May 9. The credit service provider reported EPS of $2.37 for the quarter. The company had revenue of $82.37 million for the quarter. Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%.
The company also recently disclosed 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. The ex-dividend date was Tuesday, June 14. This represents an annualized dividend of $3.80 and a dividend yield of 3.84%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.20%.
Federal Farm 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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