Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Man Group plc

Man Group plc cut its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 58.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,765 shares of the credit services provider's stock after selling 2,465 shares during the quarter. Man Group plc's holdings in Federal Agricultural Mortgage were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Global Alpha Capital Management Ltd. increased its holdings in shares of Federal Agricultural Mortgage by 22.9% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock valued at $2,764,000 after purchasing an additional 2,611 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at approximately $2,289,000. Barclays PLC increased its holdings in shares of Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock valued at $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock valued at $65,777,000 after purchasing an additional 14,274 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Federal Agricultural Mortgage by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider's stock valued at $12,448,000 after purchasing an additional 6,317 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage 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 sale, the director now owns 1,751 shares of the company's stock, valued at $336,647.26. The trade was a 16.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $201,860.00. Following the sale, the chief financial officer now directly owns 9,242 shares in the company, valued at approximately $1,865,590.12. This trade represents a 9.76% decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is owned by insiders.

Federal Agricultural Mortgage Price Performance

NYSE AGM traded down $1.27 on Friday, hitting $187.51. The company had a trading volume of 52,134 shares, compared to its average volume of 44,161. The company has a market capitalization of $2.05 billion, a PE ratio of 11.40, a PEG ratio of 1.69 and a beta of 0.97. The company's fifty day moving average price is $180.42 and its 200-day moving average price is $193.32. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a 12-month low of $159.64 and a 12-month high of $217.60.

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 EPS for the quarter, topping the consensus estimate of $4.00 by $0.19. The company had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. As a group, analysts predict 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 issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's payout ratio is presently 37.08%.

Analyst Upgrades and Downgrades

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

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.