Russell Investments Group Ltd. Trims Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Russell Investments Group Ltd. cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $18,283,000. American Century Companies Inc. grew its stake in shares of Federal Agricultural Mortgage by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider’s stock worth $11,990,000 after buying an additional 10,133 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Federal Agricultural Mortgage by 26.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider’s stock valued at $9,013,000 after buying an additional 12,053 shares in the last quarter. UBS Group AG raised its stake in Federal Agricultural Mortgage by 5.7% during the third quarter. UBS Group AG now owns 43,503 shares of the credit services provider’s stock valued at $6,713,000 after buying an additional 2,329 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Federal Agricultural Mortgage by 8.7% during the third quarter. Invesco Ltd. now owns 43,422 shares of the credit services provider’s stock valued at $6,700,000 after buying an additional 3,481 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Trading Up 0.4 %

NYSE AGM opened at $194.22 on Monday. Federal Agricultural Mortgage Co. has a 12 month low of $122.96 and a 12 month high of $199.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average price is $187.34 and its 200-day moving average price is $179.05. The stock has a market cap of $2.11 billion, a P/E ratio of 12.28 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 EPS 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 net margin of 14.13% and a return on equity of 22.68%. During the same period in the prior year, the firm posted $3.16 EPS. As a group, equities analysts forecast that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.40 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a yield of 2.88%. Federal Agricultural Mortgage’s dividend payout ratio is 35.42%.

About Federal Agricultural Mortgage

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.