Federal Agricultural Mortgage Corporation $AGM Shares Sold by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC reduced its stake in Federal Agricultural Mortgage Corporation by 9.3%, owning 29,037 shares valued at approximately $5.44 million as of the latest SEC filing.
• Insider Gregory Ramsey sold 1,500 shares, and CEO Bradford T. Nordholm sold 4,224 shares of the company on August 27th, marking significant decreases in their ownership stakes.
• The company declared a quarterly dividend of $1.50, an annualized yield of 2.9%, payable to shareholders on September 30th.

Ancora Advisors LLC trimmed its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,037 shares of the credit services provider's stock after selling 2,975 shares during the period. Ancora Advisors LLC owned 0.27% of Federal Agricultural Mortgage worth $5,445,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC purchased a new position in Federal Agricultural Mortgage during the first quarter valued at $500,000. AlphaQuest LLC lifted its holdings in shares of Federal Agricultural Mortgage by 106.3% in the 1st quarter. AlphaQuest LLC now owns 751 shares of the credit services provider's stock worth $141,000 after acquiring an additional 387 shares during the last quarter. Versor Investments LP lifted its holdings in Federal Agricultural Mortgage by 33.3% during the 1st quarter. Versor Investments LP now owns 2,400 shares of the credit services provider's stock valued at $450,000 after buying an additional 600 shares in the last quarter. Algert Global LLC lifted its holdings in Federal Agricultural Mortgage by 70.5% during the 1st quarter. Algert Global LLC now owns 3,046 shares of the credit services provider's stock valued at $571,000 after buying an additional 1,260 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Federal Agricultural Mortgage by 11.0% during the 1st quarter. American Century Companies Inc. now owns 244,550 shares of the credit services provider's stock valued at $45,856,000 after buying an additional 24,289 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted 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 report on Friday, August 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Federal Agricultural Mortgage has an average rating of "Hold" and a consensus target price of $217.00.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, EVP Zachary Carpenter sold 293 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the completion of the transaction, the executive vice president owned 10,532 shares of the company's stock, valued at $2,160,007.88. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory Ramsey sold 1,500 shares of the stock in a transaction dated 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 directly owned 3,085 shares of the company's stock, valued at approximately $637,700.35. This trade represents a 32.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,017 shares of company stock valued at $1,240,807 over the last 90 days. 2.21% of the stock is owned by company insiders.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock traded down $2.08 during trading hours on Monday, hitting $203.27. The company's stock had a trading volume of 42,584 shares, compared to its average volume of 73,323. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The company has a 50 day moving average of $188.61 and a 200 day moving average of $187.59. Federal Agricultural Mortgage Corporation has a 12-month low of $159.64 and a 12-month high of $217.14. The stock has a market cap of $2.22 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00.

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

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 35.34%.

Federal Agricultural Mortgage Company 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.