Cubist Systematic Strategies LLC acquired a new position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,296 shares of the credit services provider’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGM. Renaissance Technologies LLC raised its stake in shares of Federal Agricultural Mortgage by 31.4% during the 2nd quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock worth $15,690,000 after acquiring an additional 57,900 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $2,969,000. 361 Capital LLC bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter worth approximately $2,279,000. Prudential Financial Inc. raised its stake in shares of Federal Agricultural Mortgage by 22.7% during the 2nd quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock worth $10,544,000 after acquiring an additional 30,144 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Federal Agricultural Mortgage by 486.8% during the 2nd quarter. Alliancebernstein L.P. now owns 32,860 shares of the credit services provider’s stock worth $2,126,000 after acquiring an additional 27,260 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

A number of brokerages have issued reports on AGM. Keefe, Bruyette & Woods restated a “hold” rating and set a $86.00 price target on shares of Federal Agricultural Mortgage in a research note on Friday, December 22nd. ValuEngine upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

In other Federal Agricultural Mortgage news, CFO Robert Dale Lynch sold 4,280 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $71.38, for a total transaction of $305,506.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Curtis Covington sold 575 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $74.29, for a total transaction of $42,716.75. The disclosure for this sale can be found here. Insiders have sold a total of 6,355 shares of company stock worth $456,418 in the last 90 days. 3.75% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Corporation (AGM) opened at $75.47 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36. Federal Agricultural Mortgage Corporation has a 52 week low of $53.78 and a 52 week high of $80.47. The stock has a market cap of $815.31, a P/E ratio of 10.14 and a beta of 1.26.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $43.86 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Federal Agricultural Mortgage’s payout ratio is 19.35%.

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

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