Affinity Investment Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,580 shares of the credit services provider’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Federal Agricultural Mortgage Corporation by 8.6% during the second quarter. Public Employees Retirement System of Ohio now owns 13,944 shares of the credit services provider’s stock valued at $902,000 after buying an additional 1,102 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Federal Agricultural Mortgage Corporation by 7.8% during the second quarter. Sterling Capital Management LLC now owns 21,465 shares of the credit services provider’s stock valued at $1,389,000 after buying an additional 1,557 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Federal Agricultural Mortgage Corporation by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,170 shares of the credit services provider’s stock valued at $464,000 after buying an additional 376 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Federal Agricultural Mortgage Corporation during the second quarter valued at approximately $222,000. Finally, State Street Corp grew its stake in shares of Federal Agricultural Mortgage Corporation by 5.3% during the second quarter. State Street Corp now owns 190,318 shares of the credit services provider’s stock valued at $12,309,000 after buying an additional 9,640 shares during the last quarter. 64.89% of the stock is currently owned by hedge funds and other institutional investors.

AGM has been the subject of a number of research reports. TheStreet lowered Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a report on Thursday, September 21st. Finally, BidaskClub lowered Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.12. The business had revenue of $43.48 million during the quarter. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.36 dividend. 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 1.93%. Federal Agricultural Mortgage Corporation’s dividend payout ratio is presently 19.81%.

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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 shares were sold at an average price of $74.15, for a total value of $783,024.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James R. Engebretsen sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $66.70, for a total transaction of $40,020.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,856 shares of company stock worth $2,244,371. 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.

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

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