Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,011 shares of the credit services provider’s stock after selling 1,053 shares during the period. Nuveen Asset Management LLC owned 0.81% of Federal Agricultural Mortgage worth $8,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth approximately $26,000. Larson Financial Group LLC bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter worth approximately $33,000. Captrust Financial Advisors raised its holdings in shares of Federal Agricultural Mortgage by 22.9% in the 2nd quarter. Captrust Financial Advisors now owns 913 shares of the credit services provider’s stock worth $89,000 after purchasing an additional 170 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Federal Agricultural Mortgage by 32.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 978 shares of the credit services provider’s stock worth $111,000 after purchasing an additional 237 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Federal Agricultural Mortgage by 53.9% in the 1st quarter. US Bancorp DE now owns 1,153 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 404 shares in the last quarter. 66.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGM has been the topic of a number of research reports. Sidoti downgraded shares of Federal Agricultural Mortgage from a “buy” rating to a “neutral” rating and set a $139.00 target price on the stock. in a report on Thursday, February 23rd. Seaport Res Ptn restated a “buy” rating on shares of Federal Agricultural Mortgage in a report on Monday, January 23rd. Finally, StockNews.com lowered shares of Federal Agricultural Mortgage from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th.

Federal Agricultural Mortgage Stock Down 3.7 %

AGM stock opened at $130.21 on Friday. Federal Agricultural Mortgage Co. has a 52-week low of $90.38 and a 52-week high of $149.37. The company’s 50 day simple moving average is $131.95 and its 200-day simple moving average is $119.33. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.36 and a beta of 1.02.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 16th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, March 15th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $0.95. Federal Agricultural Mortgage’s dividend payout ratio is currently 27.32%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Charles A. Stones sold 344 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $145.54, for a total value of $50,065.76. Following the transaction, the director now owns 824 shares in the company, valued at approximately $119,924.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.21% of the company’s stock.

About Federal Agricultural Mortgage

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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.