1,653 Shares in Federal Agricultural Mortgage Corporation (NYSE:AGM) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,653 shares of the credit services provider's stock, valued at approximately $310,000.

A number of other hedge funds have also recently bought and sold shares of AGM. Blue Trust Inc. acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $25,000. Versant Capital Management Inc bought a new stake in Federal Agricultural Mortgage in the first quarter valued at about $54,000. Parkside Financial Bank & Trust raised its stake in Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after buying an additional 66 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in Federal Agricultural Mortgage during the fourth quarter valued at approximately $208,000. Finally, Focus Partners Wealth bought a new position in Federal Agricultural Mortgage during the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 68.03% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $215.00 price target (down from $230.00) on shares of Federal Agricultural Mortgage in a report on Monday, May 12th.

Federal Agricultural Mortgage Stock Up 1.9%

Shares of NYSE:AGM opened at $197.97 on Friday. The company's fifty day moving average is $185.36 and its two-hundred day moving average is $190.87. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.53 and a current ratio of 0.53. Federal Agricultural Mortgage Corporation has a 1-year low of $159.64 and a 1-year high of $217.60. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. The firm had revenue of $96.79 million for the quarter, compared to analyst estimates of $94.33 million. Equities analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.03%. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director now directly owns 1,751 shares of the company's stock, valued at $336,647.26. This represents a 16.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric T. Mckissack sold 728 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the sale, the director now owns 2,357 shares in the company, valued at approximately $453,416.09. This represents a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. 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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