California State Teachers Retirement System trimmed its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,611 shares of the credit services provider’s stock after selling 1,300 shares during the quarter. California State Teachers Retirement System owned 0.15% of Federal Agricultural Mortgage worth $1,010,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. C M Bidwell & Associates Ltd. acquired a new position in shares of Federal Agricultural Mortgage in the second quarter worth about $222,000. Virtu KCG Holdings LLC acquired a new position in shares of Federal Agricultural Mortgage in the second quarter worth about $275,000. Voya Investment Management LLC raised its position in shares of Federal Agricultural Mortgage by 8.2% in the second quarter. Voya Investment Management LLC now owns 5,449 shares of the credit services provider’s stock worth $353,000 after acquiring an additional 413 shares during the period. Stifel Financial Corp raised its position in shares of Federal Agricultural Mortgage by 9.6% in the second quarter. Stifel Financial Corp now owns 5,727 shares of the credit services provider’s stock worth $371,000 after acquiring an additional 503 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Federal Agricultural Mortgage by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,170 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 376 shares during the period. 65.96% of the stock is currently owned by institutional investors.

In related news, Director Dennis A. Everson sold 700 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $67.08, for a total transaction of $46,956.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis L. Brack sold 1,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $72.13, for a total transaction of $108,195.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,636 shares of company stock valued at $2,591,797. Insiders own 3.75% of the company’s stock.

Federal Agricultural Mortgage Corporation (AGM) opened at $72.22 on Monday. Federal Agricultural Mortgage Corporation has a 1 year low of $50.83 and a 1 year high of $77.78. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $766.69, a PE ratio of 12.45 and a beta of 1.25.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.11. Federal Agricultural Mortgage had a net margin of 23.05% and a return on equity of 14.81%. The firm had revenue of $43.86 million during the quarter.

The business also recently declared 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 annualized dividend and a dividend yield of 1.99%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 19.35%.

A number of research analysts have weighed in on the stock. TheStreet downgraded shares of Federal Agricultural Mortgage from a “b-” rating to a “c+” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $65.00 price objective on shares of Federal Agricultural Mortgage in a research report on Friday, November 10th.

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Federal Agricultural Mortgage 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 (NYSE:AGM)

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