Baird Financial Group Inc. Has $889,000 Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Baird Financial Group Inc. trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGMGet Rating) by 16.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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. owned 0.08% of Federal Agricultural Mortgage worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Federal Agricultural Mortgage in a research report on Wednesday, October 12th. They set a “buy” rating for the company.

Federal Agricultural Mortgage Trading Up 0.7 %

AGM stock opened at $124.19 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46. The company has a fifty day moving average price of $109.36 and a two-hundred day moving average price of $105.68. Federal Agricultural Mortgage Co. has a one year low of $90.38 and a one year high of $131.04. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 9.34 and a beta of 0.97.

Federal Agricultural Mortgage Announces Dividend

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

About Federal Agricultural Mortgage

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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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