Jane Street Group LLC Has $714,000 Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Jane Street Group LLC cut its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 78.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,624 shares of the credit services provider's stock after selling 12,924 shares during the quarter. Jane Street Group LLC's holdings in Federal Agricultural Mortgage were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AGM. Blue Trust Inc. acquired a new stake in shares of Federal Agricultural Mortgage in the fourth quarter worth $25,000. Venturi Wealth Management LLC acquired a new stake in shares of Federal Agricultural Mortgage in the fourth quarter worth $100,000. Parkside Financial Bank & Trust lifted its stake in shares of Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after buying an additional 66 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in Federal Agricultural Mortgage during the 4th quarter valued at $208,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Federal Agricultural Mortgage during the 4th quarter valued at $209,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock traded down $2.67 during mid-day trading on Wednesday, reaching $185.32. The company had a trading volume of 28,325 shares, compared to its average volume of 44,120. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The company has a 50 day moving average of $180.79 and a 200-day moving average of $193.84. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.69 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $94.33 million. On average, sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is 37.08%.

Insider Activity

In other news, 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 completion of the transaction, the chief financial officer now owns 9,242 shares in the company, valued at approximately $1,865,590.12. This represents a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the transaction, the director now owns 1,751 shares of the company's stock, valued at approximately $336,647.26. This represents a 16.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company's stock.

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.