Swiss National Bank Has $2.52 Million Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Swiss National Bank grew its position in Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,381 shares of the credit services provider’s stock after buying an additional 500 shares during the quarter. Swiss National Bank owned 0.21% of Federal Agricultural Mortgage worth $2,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of Federal Agricultural Mortgage by 3.1% in the 4th quarter. Russell Investments Group Ltd. now owns 51,049 shares of the credit services provider’s stock valued at $5,754,000 after buying an additional 1,526 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at approximately $228,000. Boston Partners grew its holdings in shares of Federal Agricultural Mortgage by 1.1% during the 4th quarter. Boston Partners now owns 336,949 shares of the credit services provider’s stock valued at $39,054,000 after purchasing an additional 3,672 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Federal Agricultural Mortgage by 3.9% during the 4th quarter. Arizona State Retirement System now owns 2,614 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 97 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Federal Agricultural Mortgage by 2.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,749 shares of the credit services provider’s stock valued at $422,000 after purchasing an additional 99 shares during the last quarter. 66.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AGM shares. StockNews.com assumed coverage on shares of Federal Agricultural Mortgage in a report on Thursday, May 18th. They set a “hold” rating on the stock. Sidoti upgraded shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 29th.

Federal Agricultural Mortgage Stock Down 1.6 %

Federal Agricultural Mortgage stock opened at $137.25 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.76. Federal Agricultural Mortgage Co. has a 12-month low of $90.38 and a 12-month high of $149.37. The firm’s fifty day moving average is $131.85 and its 200 day moving average is $128.40. The company has a market capitalization of $1.49 billion, a PE ratio of 9.92 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last released its quarterly earnings data on Friday, February 24th. The credit services provider reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.27. Federal Agricultural Mortgage had a net margin of 18.83% and a return on equity of 21.45%. The firm had revenue of $79.05 million for the quarter. As a group, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 13 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $1.10 dividend. The ex-dividend date is Thursday, June 15th. This represents a $4.40 annualized dividend and a dividend yield of 3.21%. Federal Agricultural Mortgage’s payout ratio is 31.81%.

Insider Transactions at Federal Agricultural Mortgage

In other news, SVP Kerry T. Willie sold 870 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $140.09, for a total value of $121,878.30. Following the completion of the sale, the senior vice president now owns 2,626 shares in the company, valued at approximately $367,876.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Kerry T. Willie sold 870 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $140.09, for a total value of $121,878.30. Following the completion of the sale, the senior vice president now owns 2,626 shares in the company, valued at approximately $367,876.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Stones sold 344 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $145.54, for a total transaction of $50,065.76. Following the transaction, the director now owns 824 shares of the company’s stock, valued at approximately $119,924.96. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Profile

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Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose.