Sequoia Financial Advisors LLC Decreases Stock Position in Federal Agricultural Mortgage Corporation (NYSE:AGM)

Sequoia Financial Advisors LLC cut its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 64.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,895 shares of the credit services provider's stock after selling 21,180 shares during the period. Sequoia Financial Advisors LLC owned about 0.11% of Federal Agricultural Mortgage worth $2,230,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its holdings in Federal Agricultural Mortgage by 22.9% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock worth $2,764,000 after acquiring an additional 2,611 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Federal Agricultural Mortgage during the fourth quarter valued at about $357,000. Proficio Capital Partners LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $2,289,000. SG Americas Securities LLC purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth about $310,000. Finally, GAMMA Investing LLC lifted its holdings in Federal Agricultural Mortgage by 20,282.6% in the 1st quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock worth $1,758,000 after purchasing an additional 9,330 shares in the last quarter. Institutional investors own 68.03% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Trading Up 1.8%

Shares of Federal Agricultural Mortgage stock traded up $3.57 on Wednesday, reaching $199.10. The company had a trading volume of 82,758 shares, compared to its average volume of 57,669. The firm's 50-day moving average price is $186.66 and its two-hundred day moving average price is $190.38. Federal Agricultural Mortgage Corporation has a 1 year low of $159.64 and a 1 year high of $217.60. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 0.99. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.53 and a quick ratio of 0.53.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 12.65% and a return on equity of 18.77%. As a group, research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $1.50 per share. The ex-dividend date was Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.01%. Federal Agricultural Mortgage's payout ratio is currently 37.08%.

Insiders Place Their Bets

In related 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 completion of the sale, the director directly owned 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric T. Mckissack sold 728 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $192.37, for a total transaction of $140,045.36. Following the completion of the sale, the director directly owned 2,357 shares of the company's stock, valued at $453,416.09. The trade was a 23.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company's stock.

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.