HGK Asset Management Inc. Has $467,000 Stake in Federal Agricultural Mortgage Corporation (AGM)

HGK Asset Management Inc. lessened its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,225 shares of the credit services provider’s stock after selling 261 shares during the quarter. HGK Asset Management Inc. owned 0.07% of Federal Agricultural Mortgage Corporation worth $467,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. lifted its holdings in Federal Agricultural Mortgage Corporation by 0.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 6,679 shares of the credit services provider’s stock valued at $432,000 after buying an additional 45 shares in the last quarter. American International Group Inc. lifted its holdings in Federal Agricultural Mortgage Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 5,287 shares of the credit services provider’s stock valued at $304,000 after buying an additional 350 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Federal Agricultural Mortgage Corporation by 1.6% during the 1st quarter. Teachers Advisors LLC now owns 28,365 shares of the credit services provider’s stock valued at $1,633,000 after buying an additional 444 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Federal Agricultural Mortgage Corporation by 5.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,842 shares of the credit services provider’s stock valued at $739,000 after buying an additional 719 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Federal Agricultural Mortgage Corporation by 9.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,799 shares of the credit services provider’s stock valued at $828,000 after buying an additional 1,052 shares in the last quarter. Hedge funds and other institutional investors own 65.14% of the company’s stock.

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AGM has been the subject of a number of research analyst reports. TheStreet upgraded shares of Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Keefe, Bruyette & Woods set a $65.00 price target on shares of Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a report on Tuesday, May 16th. Finally, BidaskClub lowered shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

In other Federal Agricultural Mortgage Corporation news, Director James R. Engebretsen sold 600 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $66.70, for a total value of $40,020.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert Dale Lynch sold 4,392 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $70.00, for a total transaction of $307,440.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,267 shares of company stock worth $498,760. 3.75% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Corporation (AGM) traded up 0.49% during midday trading on Tuesday, hitting $65.42. 1,314 shares of the stock traded hands. The company’s 50-day moving average is $67.06 and its 200 day moving average is $62.39. The firm has a market cap of $693.71 million, a P/E ratio of 9.01 and a beta of 1.18. Federal Agricultural Mortgage Corporation has a 12-month low of $37.84 and a 12-month high of $74.01.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. The firm had revenue of $43.48 million for the quarter. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. On average, analysts anticipate that Federal Agricultural Mortgage Corporation will post $5.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.21%. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is 19.81%.

About Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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Institutional Ownership by Quarter for Federal Agricultural Mortgage Corporation (NYSE:AGM)

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