Russell Investments Group Ltd. Has $1.07 Million Holdings in Federal Agricultural Mortgage Corporation (AGM)

Russell Investments Group Ltd. raised its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,715 shares of the credit services provider’s stock after buying an additional 1,916 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Federal Agricultural Mortgage worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AGM. Bank of New York Mellon Corp increased its holdings in shares of Federal Agricultural Mortgage by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 72,159 shares of the credit services provider’s stock worth $4,669,000 after acquiring an additional 2,284 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Federal Agricultural Mortgage by 14.8% in the second quarter. Royce & Associates LP now owns 38,700 shares of the credit services provider’s stock worth $2,504,000 after acquiring an additional 5,000 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Federal Agricultural Mortgage by 22.7% in the second quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock worth $10,544,000 after acquiring an additional 30,144 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Federal Agricultural Mortgage by 486.8% in the second quarter. Alliancebernstein L.P. now owns 32,860 shares of the credit services provider’s stock worth $2,126,000 after acquiring an additional 27,260 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Federal Agricultural Mortgage by 45.4% in the second quarter. TIAA CREF Investment Management LLC now owns 61,598 shares of the credit services provider’s stock worth $3,985,000 after acquiring an additional 19,219 shares in the last quarter. Institutional investors own 63.94% of the company’s stock.

Federal Agricultural Mortgage Corporation (NYSE AGM) opened at $81.00 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $856.87, a PE ratio of 10.90 and a beta of 1.26. Federal Agricultural Mortgage Corporation has a fifty-two week low of $53.78 and a fifty-two week high of $81.12.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.11. The business had revenue of $43.86 million during the quarter. Federal Agricultural Mortgage had a return on equity of 14.81% and a net margin of 23.05%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.78%. Federal Agricultural Mortgage’s payout ratio is presently 19.38%.

Several brokerages have issued reports on AGM. Keefe, Bruyette & Woods restated a “hold” rating on shares of Federal Agricultural Mortgage in a report on Thursday, September 21st. ValuEngine upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

In other Federal Agricultural Mortgage news, CFO Robert Dale Lynch sold 4,280 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $71.38, for a total value of $305,506.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Curtis Covington sold 575 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $74.29, for a total value of $42,716.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,355 shares of company stock valued at $456,418. 3.75% of the stock is owned by corporate insiders.

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Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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