D. E. Shaw & Co. Inc. Trims Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

D. E. Shaw & Co. Inc. trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 0.12% of Federal Agricultural Mortgage worth $2,643,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AGM. Blue Trust Inc. bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust boosted its position 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 worth $198,000 after purchasing an additional 66 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $208,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $209,000. 68.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Stock Down 2.3%

AGM stock traded down $4.32 during midday trading on Thursday, hitting $181.81. The company's stock had a trading volume of 38,578 shares, compared to its average volume of 44,146. The company has a market cap of $1.99 billion, a PE ratio of 11.05, a P/E/G ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 12 month low of $159.64 and a 12 month 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 firm's 50-day moving average is $181.36 and its 200-day moving average is $194.38.

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 (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.19. The business had revenue of $96.79 million for the quarter, compared to analysts' expectations 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 forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm 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 $1.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.30%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 37.08%.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the transaction, the director now directly owns 8,644 shares of the company's stock, valued at $1,773,835.24. This represents a 22.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. The trade was a 9.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,850 shares of company stock valued at $782,176. 2.20% of the stock is owned by corporate 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.