Moors & Cabot Inc. Buys 92 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Moors & Cabot Inc. increased its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,266 shares of the credit services provider’s stock after purchasing an additional 92 shares during the period. Moors & Cabot Inc.’s holdings in Federal Agricultural Mortgage were worth $237,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AGM. nVerses Capital LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $36,000. Fifth Third Bancorp increased its stake in Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter worth $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Agricultural Mortgage in the 2nd quarter valued at $181,000. Finally, Cetera Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the sale, the director now directly owns 4,595 shares of the company’s stock, valued at $868,133.35. The trade was a 12.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell A. Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the transaction, the director now owns 11,060 shares of the company’s stock, valued at approximately $2,263,871.40. This represents a 11.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,467 shares of company stock valued at $1,455,622. 2.58% of the stock is owned by insiders.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock opened at $205.09 on Monday. The company has a market capitalization of $2.23 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52 week low of $161.72 and a 52 week high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company’s 50 day moving average price is $191.02 and its two-hundred day moving average price is $187.57.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). The company had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the prior year, the firm posted $4.13 earnings per share. On average, analysts expect that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.73%. Federal Agricultural Mortgage’s payout ratio is presently 36.01%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

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.