Belpointe Asset Management LLC Has $679,000 Position in Federal Agricultural Mortgage Corporation $AGM

Key Points

• Belpointe Asset Management LLC reduced its stake in Federal Agricultural Mortgage Corporation by 44.6%, leaving it with a position valued at $679,000 after selling 2,811 shares in Q2.
• Institutional investors now own 68.03% of the company's stock, with several firms recently increasing their positions, most notably GAMMA Investing LLC, which raised its stake by 20,282.6%.
• Federal Agricultural Mortgage reported $4.32 EPS for the last quarter, surpassing analyst expectations, and declared a quarterly dividend of $1.50, reflecting an annualized dividend yield of 3.7%.

Belpointe Asset Management LLC lowered its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 44.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,495 shares of the credit services provider's stock after selling 2,811 shares during the quarter. Belpointe Asset Management LLC's holdings in Federal Agricultural Mortgage were worth $679,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Federal Agricultural Mortgage during the first quarter valued at approximately $849,000. SG Americas Securities LLC bought a new position in Federal Agricultural Mortgage in the first quarter valued at approximately $310,000. GAMMA Investing LLC lifted its stake in Federal Agricultural Mortgage by 20,282.6% in the first quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock valued at $1,758,000 after buying an additional 9,330 shares in the last quarter. Jump Financial LLC bought a new position in Federal Agricultural Mortgage in the first quarter valued at approximately $500,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Federal Agricultural Mortgage by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider's stock valued at $19,924,000 after buying an additional 4,963 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Federal Agricultural Mortgage in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a "market perform" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $217.00.

Insider Transactions at Federal Agricultural Mortgage

In other news, EVP Zachary Carpenter sold 293 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total value of $60,091.37. Following the sale, the executive vice president owned 10,532 shares of the company's stock, valued at $2,160,007.88. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory Ramsey sold 1,500 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total transaction of $310,065.00. Following the transaction, the insider owned 3,085 shares in the company, valued at approximately $637,700.35. The trade was a 32.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,017 shares of company stock valued at $1,240,807 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock opened at $161.38 on Thursday. The company's fifty day simple moving average is $186.16 and its 200-day simple moving average is $184.64. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The firm has a market cap of $1.76 billion, a PE ratio of 9.50, a P/E/G ratio of 0.81 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a 12 month low of $156.56 and a 12 month high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.29 by $0.03. The business had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. Equities research analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, September 15th. Federal Agricultural Mortgage's payout ratio is currently 35.34%.

Federal Agricultural Mortgage 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.