Jane Street Group LLC Sells 12,924 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Jane Street Group LLC cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 78.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,624 shares of the credit services provider’s stock after selling 12,924 shares during the quarter. Jane Street Group LLC’s holdings in Federal Agricultural Mortgage were worth $714,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $100,000. Parkside Financial Bank & Trust raised its position in shares of Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock valued at $198,000 after purchasing an additional 66 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $208,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $209,000. 68.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Aparna Ramesh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the sale, the chief financial officer now owns 9,242 shares of the company’s stock, valued at $1,865,590.12. This represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the sale, the director now directly owns 8,644 shares of the company’s stock, valued at $1,773,835.24. This represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,850 shares of company stock valued at $782,176 over the last quarter. 2.20% of the stock is owned by company insiders.

Federal Agricultural Mortgage Trading Down 0.4%

AGM stock opened at $181.89 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company’s 50-day simple moving average is $181.15 and its 200 day simple moving average is $194.07. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The company has a market capitalization of $1.99 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The business had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. As a group, sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.30%. Federal Agricultural Mortgage’s dividend payout ratio is 37.08%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 price target (down from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

Federal Agricultural Mortgage Company Profile

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.