Universal Beteiligungs und Servicegesellschaft mbH Sells 9,262 Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 58.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,489 shares of the credit services provider’s stock after selling 9,262 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Federal Agricultural Mortgage worth $1,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGM. KLP Kapitalforvaltning AS bought a new position in Federal Agricultural Mortgage during the fourth quarter valued at $394,000. LPL Financial LLC boosted its stake in shares of Federal Agricultural Mortgage by 11.0% during the 4th quarter. LPL Financial LLC now owns 8,793 shares of the credit services provider’s stock worth $1,732,000 after purchasing an additional 874 shares during the period. JPMorgan Chase & Co. grew its holdings in Federal Agricultural Mortgage by 20.8% during the 4th quarter. JPMorgan Chase & Co. now owns 54,998 shares of the credit services provider’s stock valued at $10,832,000 after purchasing an additional 9,485 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth about $208,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth about $242,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the sale, the director owned 1,751 shares of the company’s stock, valued at approximately $336,647.26. The trade was a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric T. Mckissack sold 728 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $192.37, for a total value of $140,045.36. Following the transaction, the director owned 2,357 shares in the company, valued at $453,416.09. The trade was a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

AGM opened at $170.29 on Friday. The business has a fifty day moving average of $186.57 and a 200 day moving average of $188.40. The stock has a market cap of $1.86 billion, a P/E ratio of 10.52, a PEG ratio of 0.91 and a beta of 1.02. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.74. Federal Agricultural Mortgage Corporation has a 52-week low of $159.64 and a 52-week high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.19. The business had revenue of $96.79 million during the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. As a group, sell-side analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 37.08%.

Federal Agricultural Mortgage 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.