Northern Trust Corp Grows Position in Federal Agricultural Mortgage Corporation (AGM)

Northern Trust Corp raised its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,157 shares of the company’s stock after acquiring an additional 777 shares during the period. Northern Trust Corp owned approximately 0.98% of Federal Agricultural Mortgage Corporation worth $6,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGM. American International Group Inc. raised its holdings in Federal Agricultural Mortgage Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 5,287 shares of the company’s stock valued at $304,000 after acquiring an additional 350 shares in the last quarter. Teachers Advisors LLC raised its holdings in Federal Agricultural Mortgage Corporation by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 28,365 shares of the company’s stock valued at $1,633,000 after acquiring an additional 444 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Federal Agricultural Mortgage Corporation by 13.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 42,379 shares of the company’s stock valued at $2,440,000 after acquiring an additional 5,060 shares in the last quarter. Geode Capital Management LLC raised its holdings in Federal Agricultural Mortgage Corporation by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 70,310 shares of the company’s stock valued at $4,047,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Federal Agricultural Mortgage Corporation by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 184,600 shares of the company’s stock valued at $10,627,000 after acquiring an additional 9,700 shares in the last quarter. 65.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at C$67.77 on Monday. The firm has a market capitalization of $718.57, a price-to-earnings ratio of 11.68 and a beta of 1.25. Federal Agricultural Mortgage Corporation has a 52-week low of C$47.05 and a 52-week high of C$77.78. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.80.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$1.57 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.46 by C$0.11. The business had revenue of C$43.86 million for the quarter. Federal Agricultural Mortgage Corporation had a return on equity of 14.81% and a net margin of 23.05%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.12%. Federal Agricultural Mortgage Corporation’s dividend payout ratio is currently 19.35%.

Several equities analysts have weighed in on AGM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a report on Thursday, September 21st. TheStreet cut Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Finally, BidaskClub cut Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

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In other Federal Agricultural Mortgage Corporation news, insider Timothy L. Buzby sold 10,560 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$74.15, for a total value of C$783,024.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James R. Engebretsen sold 400 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of C$65.64, for a total value of C$26,256.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,856 shares of company stock worth $2,244,371 in the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Corporation Profile

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.

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

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