Principal Financial Group Inc. Sells 3,441 Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM)

Principal Financial Group Inc. lowered its position in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,534 shares of the credit services provider's stock after selling 3,441 shares during the period. Principal Financial Group Inc. owned about 3.03% of Federal Agricultural Mortgage worth $61,978,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AGM. Victory Capital Management Inc. grew its position in Federal Agricultural Mortgage by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,017 shares of the credit services provider's stock valued at $791,000 after acquiring an additional 153 shares in the last quarter. Atria Investments Inc lifted its position in Federal Agricultural Mortgage by 9.7% in the fourth quarter. Atria Investments Inc now owns 9,578 shares of the credit services provider's stock valued at $1,886,000 after purchasing an additional 843 shares during the period. Proficio Capital Partners LLC acquired a new stake in Federal Agricultural Mortgage in the fourth quarter valued at $2,289,000. Raymond James Financial Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth $28,914,000. Finally, Global Alpha Capital Management Ltd. raised its position 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 worth $2,764,000 after purchasing an additional 2,611 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the sale, the director owned 1,751 shares of the company's stock, valued at $336,647.26. The trade was a 16.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction 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 transaction, the director directly owned 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Stock Down 2.0%

NYSE:AGM traded down $3.93 during trading hours on Wednesday, hitting $197.27. The stock had a trading volume of 116,323 shares, compared to its average volume of 59,413. The business has a 50 day simple moving average of $189.08 and a two-hundred day simple moving average of $190.27. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.74. The company has a market cap of $2.16 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a 1-year low of $159.64 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The company had revenue of $96.79 million during the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. Analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.00 annualized dividend and a dividend yield of 3.04%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 37.08%.

Wall Street Analyst Weigh In

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

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.