Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,736 shares of the credit services provider's stock after selling 3,944 shares during the quarter. Deutsche Bank AG owned about 0.14% of Federal Agricultural Mortgage worth $2,902,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Federal Agricultural Mortgage by 181.7% in the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after buying an additional 11,721 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $209,000. Copeland Capital Management LLC grew its stake in shares of Federal Agricultural Mortgage by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock worth $58,654,000 after purchasing an additional 7,283 shares during the period. Yorktown Management & Research Co Inc acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $315,000. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Federal Agricultural Mortgage by 26.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,418 shares of the credit services provider's stock valued at $673,000 after purchasing an additional 707 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

AGM stock traded up $5.40 during midday trading on Tuesday, reaching $187.54. The stock had a trading volume of 36,950 shares, compared to its average volume of 44,183. Federal Agricultural Mortgage Co. has a 52-week low of $159.64 and a 52-week high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The company's fifty day simple moving average is $180.79 and its 200 day simple moving average is $193.84. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings results 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 12.75% and a return on equity of 19.43%. The firm had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. As a group, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.

Insider Activity

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the transaction, the director now owns 1,751 shares of the company's stock, valued at $336,647.26. This represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now directly owns 13,517 shares in the company, valued at approximately $2,644,195.54. This trade represents a 7.99% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.