Russell Investments Group Ltd. Buys 3,576 Shares of Federal Agricultural Mortgage Corporation $AGM

Key Points

• Russell Investments Group Ltd. increased its holdings in Federal Agricultural Mortgage Corporation by 9.5%, acquiring an additional 3,576 shares and now owns 41,214 shares valued at approximately $7.73 million.
• Federal Agricultural Mortgage's quarterly earnings surpassed analysts' estimates, reporting $4.32 EPS against a consensus of $4.29, and revenue of $100.51 million compared to expectations of $96.54 million.
• The company announced a quarterly dividend of $1.50 per share, set to be paid on September 30th, representing an annualized dividend yield of 3.1%.

Russell Investments Group Ltd. boosted its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,214 shares of the credit services provider's stock after buying an additional 3,576 shares during the period. Russell Investments Group Ltd. owned approximately 0.38% of Federal Agricultural Mortgage worth $7,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AGM. KBC Group NV purchased a new position in shares of Federal Agricultural Mortgage in the first quarter valued at $35,000. Byrne Asset Management LLC lifted its stake in Federal Agricultural Mortgage by 116.1% in the 1st quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider's stock worth $45,000 after purchasing an additional 130 shares in the last quarter. Versant Capital Management Inc bought a new position in Federal Agricultural Mortgage in the 1st quarter valued at $54,000. Focus Partners Wealth purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at $237,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $257,000. Hedge funds and other institutional investors own 68.03% of the company's stock.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Eric T. Mckissack sold 728 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $192.37, for a total transaction of $140,045.36. Following the transaction, the director owned 2,357 shares of the company's stock, valued at approximately $453,416.09. This trade represents a 23.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Price Performance

AGM stock traded up $9.3350 during mid-day trading on Friday, hitting $204.5850. 109,588 shares of the stock were exchanged, compared to its average volume of 67,041. The business has a fifty day moving average price of $185.47 and a 200 day moving average price of $187.18. Federal Agricultural Mortgage Corporation has a 12 month low of $159.64 and a 12 month high of $217.14. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.01 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, beating analysts' consensus estimates of $4.29 by $0.03. The company had revenue of $100.51 million for the quarter, compared to analysts' expectations of $96.54 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. On average, sell-side analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. Federal Agricultural Mortgage's payout ratio is presently 35.34%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a "market perform" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $217.00.

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.