ClariVest Asset Management LLC reduced its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 136,278 shares of the credit services provider’s stock after selling 6,898 shares during the quarter. ClariVest Asset Management LLC’s holdings in Federal Agricultural Mortgage were worth $11,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Federal Agricultural Mortgage by 0.8% during the 4th quarter. BlackRock Inc. now owns 807,897 shares of the credit services provider’s stock valued at $63,211,000 after buying an additional 6,646 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Federal Agricultural Mortgage by 118.2% during the 4th quarter. Teachers Advisors LLC now owns 147,298 shares of the credit services provider’s stock valued at $11,525,000 after buying an additional 79,805 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 177.8% during the 1st quarter. Copeland Capital Management LLC now owns 113,158 shares of the credit services provider’s stock valued at $9,847,000 after buying an additional 72,422 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 95,302 shares of the credit services provider’s stock valued at $7,456,000 after buying an additional 6,289 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Federal Agricultural Mortgage by 2.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 94,605 shares of the credit services provider’s stock valued at $7,402,000 after buying an additional 2,576 shares in the last quarter. Institutional investors own 64.69% of the company’s stock.

Federal Agricultural Mortgage opened at $91.02 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $942.17 million, a P/E ratio of 13.19 and a beta of 1.18. Federal Agricultural Mortgage Co. has a 1-year low of $89.93 and a 1-year high of $91.64.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.14. The business had revenue of $43.96 million for the quarter. Federal Agricultural Mortgage had a net margin of 19.89% and a return on equity of 15.77%.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, June 14th.

A number of analysts recently weighed in on AGM shares. ValuEngine raised shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Sidoti raised shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods set a $93.00 target price on shares of Federal Agricultural Mortgage and gave the stock a “hold” rating in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $93.50.

In related news, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $88.85, for a total transaction of $88,850.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.48% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.

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

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