Federal Agricultural Mortgage Corporation (NYSE:AGM) Shares Sold by Riverwater Partners LLC

Riverwater Partners LLC reduced its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 43.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,622 shares of the credit services provider's stock after selling 5,138 shares during the period. Riverwater Partners LLC owned approximately 0.06% of Federal Agricultural Mortgage worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $25,000. Rhumbline Advisers increased its stake in Federal Agricultural Mortgage by 4.8% during the fourth quarter. Rhumbline Advisers now owns 14,725 shares of the credit services provider's stock worth $2,900,000 after acquiring an additional 668 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Federal Agricultural Mortgage by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock valued at $65,777,000 after buying an additional 14,274 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Federal Agricultural Mortgage by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 13,132 shares of the credit services provider's stock valued at $2,619,000 after purchasing an additional 441 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at $100,000. 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 Eric T. Mckissack sold 728 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the transaction, the director now owns 2,357 shares of the company's stock, valued at $453,416.09. This trade represents a 23.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sara Louise Faivre-Davis sold 350 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 1,751 shares in the company, valued at $336,647.26. The trade was a 16.66% decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM traded up $4.95 during trading on Monday, hitting $193.09. 171,593 shares of the stock were exchanged, compared to its average volume of 56,222. The company has a fifty day moving average price of $183.92 and a two-hundred day moving average price of $190.91. The company has a market cap of $2.11 billion, a PE ratio of 11.93, a P/E/G ratio of 1.55 and a beta of 0.99. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.74. Federal Agricultural Mortgage Corporation 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 earnings per share for the quarter, beating the consensus estimate 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%. On average, analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

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. The ex-dividend date is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.11%. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.

Wall Street Analysts Forecast Growth

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

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.