Universal Beteiligungs und Servicegesellschaft mbH Has $1.22 Million Position in Federal Agricultural Mortgage Corporation (NYSE:AGM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stake in Federal Agricultural Mortgage Corporation by 58.8%, now holding 6,489 shares worth approximately $1.22 million.
• The stock price of Federal Agricultural Mortgage (NYSE:AGM) is currently $170.29, down 1.1%, with a market cap of $1.86 billion and earnings per share of $4.19 reported for the last quarter.
• A quarterly dividend of $1.50 per share was recently paid, resulting in an annualized dividend of $6.00 and a yield of 3.5% with a payout ratio of 37.08%.

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,489 shares of the credit services provider's stock after selling 9,262 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Federal Agricultural Mortgage worth $1,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth about $394,000. LPL Financial LLC boosted its holdings in shares of Federal Agricultural Mortgage by 11.0% during the fourth quarter. LPL Financial LLC now owns 8,793 shares of the credit services provider's stock worth $1,732,000 after purchasing an additional 874 shares during the period. JPMorgan Chase & Co. increased its stake in Federal Agricultural Mortgage by 20.8% in the 4th quarter. JPMorgan Chase & Co. now owns 54,998 shares of the credit services provider's stock valued at $10,832,000 after buying an additional 9,485 shares during the period. Pictet Asset Management Holding SA purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $208,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at $242,000. 68.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Eric T. Mckissack sold 728 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $192.37, for a total value of $140,045.36. Following the sale, the director directly owned 2,357 shares in the company, valued at $453,416.09. This 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 hyperlink. Also, Director Sara Louise Faivre-Davis sold 350 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the sale, the director directly owned 1,751 shares in the company, valued at approximately $336,647.26. The trade was a 16.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company's stock.

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Stock Up 0.1%

Federal Agricultural Mortgage stock traded up $0.09 during mid-day trading on Tuesday, hitting $172.16. 13,444 shares of the company's stock were exchanged, compared to its average volume of 72,730. The stock has a market cap of $1.88 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.90 and a beta of 1.02. The stock has a 50 day moving average of $186.36 and a two-hundred day moving average of $188.17. Federal Agricultural Mortgage Corporation has a 1-year low of $159.64 and a 1-year high of $217.14. 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 (NYSE:AGM - Get Free Report) last announced its 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. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. The firm had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. As a group, analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $1.50 per share. The ex-dividend date was Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.5%. Federal Agricultural Mortgage's payout ratio is currently 37.08%.

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.