Baird Financial Group Inc. Sells 1,764 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Baird Financial Group Inc. cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGMGet Rating) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,110 shares of the credit services provider’s stock after selling 1,764 shares during the period. Baird Financial Group Inc.’s holdings in Federal Agricultural Mortgage were worth $889,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. M&T Bank Corp boosted its holdings in Federal Agricultural Mortgage by 29.3% in the second quarter. M&T Bank Corp now owns 6,382 shares of the credit services provider’s stock valued at $621,000 after acquiring an additional 1,446 shares during the last quarter. Riverwater Partners LLC boosted its holdings in shares of Federal Agricultural Mortgage by 7.7% during the 2nd quarter. Riverwater Partners LLC now owns 10,156 shares of the credit services provider’s stock worth $992,000 after buying an additional 723 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 1,729.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 933 shares of the credit services provider’s stock worth $91,000 after buying an additional 882 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Federal Agricultural Mortgage by 8.6% during the 2nd quarter. Empowered Funds LLC now owns 6,600 shares of the credit services provider’s stock worth $644,000 after buying an additional 520 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Federal Agricultural Mortgage by 44.6% during the 2nd quarter. SG Americas Securities LLC now owns 3,373 shares of the credit services provider’s stock worth $329,000 after buying an additional 1,041 shares in the last quarter. 66.73% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $124.19 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 9.34 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 52-week low of $90.38 and a 52-week high of $131.04. The stock’s 50 day moving average price is $109.36 and its two-hundred day moving average price is $105.68. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46.

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, December 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Federal Agricultural Mortgage in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Federal Agricultural Mortgage Profile

(Get Rating)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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

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