D. E. Shaw & Co. Inc. Cuts Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

D. E. Shaw & Co. Inc. trimmed its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,419 shares of the credit services provider's stock after selling 2,901 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.12% of Federal Agricultural Mortgage worth $2,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust increased its holdings in 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 worth $198,000 after acquiring an additional 66 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $208,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $209,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM traded down $0.66 during midday trading on Friday, reaching $181.89. 42,893 shares of the stock traded hands, compared to its average volume of 44,212. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $1.99 billion, a PE ratio of 11.06, a P/E/G ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a one year low of $159.64 and a one year high of $217.60. The company's 50 day moving average is $181.15 and its 200 day moving average is $194.07.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Friday, May 9th. The credit services provider reported $4.19 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 the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. On average, equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $1.50 dividend. 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 3.30%. Federal Agricultural Mortgage's dividend payout ratio is presently 37.08%.

Insider Buying and Selling

In other news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the sale, the director now directly owns 1,751 shares in the company, valued at approximately $336,647.26. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the sale, the chief financial officer now owns 9,242 shares of the company's stock, valued at approximately $1,865,590.12. This trade represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,850 shares of company stock worth $782,176 over the last three months. 2.20% of the stock is owned by insiders.

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.