First Wilshire Securities Management Inc. Lowers Stake in Federal Agricultural Mortgage Corporation (AGM)

First Wilshire Securities Management Inc. decreased its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,568 shares of the credit services provider’s stock after selling 10,017 shares during the period. Federal Agricultural Mortgage Corporation accounts for approximately 3.4% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 6th largest position. First Wilshire Securities Management Inc.’s holdings in Federal Agricultural Mortgage Corporation were worth $11,719,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP bought a new position in Federal Agricultural Mortgage Corporation during the fourth quarter valued at about $720,000. State Street Corp raised its position in Federal Agricultural Mortgage Corporation by 7.5% in the fourth quarter. State Street Corp now owns 180,095 shares of the credit services provider’s stock valued at $10,313,000 after buying an additional 12,487 shares during the period. Renaissance Technologies LLC raised its position in Federal Agricultural Mortgage Corporation by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 174,900 shares of the credit services provider’s stock valued at $10,017,000 after buying an additional 27,500 shares during the period. AQR Capital Management LLC raised its position in Federal Agricultural Mortgage Corporation by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 240,392 shares of the credit services provider’s stock valued at $13,767,000 after buying an additional 38,770 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in Federal Agricultural Mortgage Corporation by 6.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,715 shares of the credit services provider’s stock valued at $327,000 after buying an additional 355 shares during the period. Hedge funds and other institutional investors own 64.44% of the company’s stock.

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

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) traded up 1.37% during midday trading on Friday, hitting $67.88. The stock had a trading volume of 193,226 shares. The firm has a 50 day moving average price of $61.10 and a 200 day moving average price of $58.11. Federal Agricultural Mortgage Corporation has a one year low of $32.31 and a one year high of $67.89. The stock has a market cap of $719.32 million, a PE ratio of 10.01 and a beta of 1.19.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last released its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.16. Federal Agricultural Mortgage Corporation had a return on equity of 15.17% and a net margin of 24.15%. The business had revenue of $43.87 million for the quarter. On average, equities analysts forecast that Federal Agricultural Mortgage Corporation will post $5.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.12%. Federal Agricultural Mortgage Corporation’s payout ratio is currently 21.24%.

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Several research firms have issued reports on AGM. TheStreet upgraded Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Keefe, Bruyette & Woods set a $65.00 target price on Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th.

In related news, Director Lowell Junkins sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $62.38, for a total transaction of $31,190.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Gregory Ramsey sold 799 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $60.82, for a total value of $48,595.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,953 shares of company stock worth $305,700. Company insiders own 3.75% of the company’s stock.

Federal Agricultural Mortgage Corporation Company 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.

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