SG Americas Securities LLC Makes New Investment in Federal Agricultural Mortgage Corporation (NYSE:AGM)

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

A number of other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at $25,000. Versant Capital Management Inc acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth about $54,000. Parkside Financial Bank & Trust increased its stake in shares of Federal Agricultural Mortgage by 7.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after acquiring an additional 66 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $208,000. Finally, Focus Partners Wealth acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $237,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Trading Down 1.7%

Shares of AGM stock traded down $3.33 on Monday, hitting $194.34. The stock had a trading volume of 138,177 shares, compared to its average volume of 57,290. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.74. Federal Agricultural Mortgage Corporation has a twelve month low of $159.64 and a twelve month high of $217.60. The company has a fifty day moving average price of $186.29 and a two-hundred day moving average price of $190.34. The firm has a market cap of $2.12 billion, a P/E ratio of 12.01, a PEG ratio of 1.63 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The firm had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. As a group, analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $1.50 per share. The ex-dividend date is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.09%. Federal Agricultural Mortgage's payout ratio is 37.08%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Federal Agricultural Mortgage

In related news, Director Eric T. Mckissack sold 728 shares of the company's stock in a transaction 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 transaction, the director directly owned 2,357 shares of the company's stock, valued at approximately $453,416.09. This represents a 23.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the transaction, the director owned 1,751 shares of the company's stock, valued at approximately $336,647.26. This trade represents a 16.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.21% of the company's stock.

About Federal Agricultural Mortgage

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.