Russell Investments Group Ltd. Sells 23,091 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Russell Investments Group Ltd. trimmed its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 27.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,919 shares of the credit services provider's stock after selling 23,091 shares during the period. Russell Investments Group Ltd. owned 0.55% of Federal Agricultural Mortgage worth $11,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in AGM. SG Americas Securities LLC acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at approximately $147,000. Cambridge Investment Research Advisors Inc. boosted its stake in Federal Agricultural Mortgage by 3.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,506 shares of the credit services provider's stock worth $1,775,000 after purchasing an additional 366 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Federal Agricultural Mortgage by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,654 shares of the credit services provider's stock worth $255,000 after purchasing an additional 673 shares during the last quarter. Strs Ohio increased its stake in Federal Agricultural Mortgage by 65.2% in the third quarter. Strs Ohio now owns 3,800 shares of the credit services provider's stock valued at $586,000 after purchasing an additional 1,500 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Federal Agricultural Mortgage by 8.6% in the third quarter. Teacher Retirement System of Texas now owns 10,082 shares of the credit services provider's stock valued at $1,556,000 after buying an additional 798 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Performance

AGM stock traded down $8.98 during trading on Monday, hitting $185.24. The company had a trading volume of 71,148 shares, compared to its average volume of 62,849. Federal Agricultural Mortgage Co. has a 1-year low of $122.96 and a 1-year high of $199.40. The firm has a 50-day moving average price of $187.50 and a 200-day moving average price of $179.34. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The firm has a market cap of $2.01 billion, a PE ratio of 11.72 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.40. The company had revenue of $354.15 million for the quarter, compared to the consensus estimate of $86.86 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same period last year, the business posted $3.16 EPS. On average, analysts expect that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.02%. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage's payout ratio is presently 35.42%.

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.