O Shaughnessy Asset Management LLC Lifted Holding in Federal Agricultural Mortgage Corp. (AGM)

O Shaughnessy Asset Management LLC Lifted Holding in Federal Agricultural Mortgage Corp. (AGM)

O Shaughnessy Asset Management LLC increased its stake in shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) by 132.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,263 shares of the credit services provider’s stock after buying an additional 7,548 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Federal Agricultural Mortgage Corp. were worth $764,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Two Sigma Investments LP acquired a new stake in shares of Federal Agricultural Mortgage Corp. during the fourth quarter worth about $720,000. State Street Corp boosted its stake in shares of Federal Agricultural Mortgage Corp. by 7.5% in the fourth quarter. State Street Corp now owns 180,095 shares of the credit services provider’s stock worth $10,313,000 after buying an additional 12,487 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Federal Agricultural Mortgage Corp. by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 174,900 shares of the credit services provider’s stock worth $10,017,000 after buying an additional 27,500 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Federal Agricultural Mortgage Corp. by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 240,392 shares of the credit services provider’s stock worth $13,767,000 after buying an additional 38,770 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of Federal Agricultural Mortgage Corp. by 3.0% in the first quarter. Algert Global LLC now owns 12,520 shares of the credit services provider’s stock worth $721,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Federal Agricultural Mortgage Corp. (NYSE:AGM) traded down 0.74% during midday trading on Friday, reaching $61.76. 50,334 shares of the company traded hands. Federal Agricultural Mortgage Corp. has a one year low of $32.31 and a one year high of $65.06. The firm has a 50-day moving average price of $58.68 and a 200-day moving average price of $57.23. The firm has a market capitalization of $654.47 million, a price-to-earnings ratio of 9.11 and a beta of 1.05.

Federal Agricultural Mortgage Corp. (NYSE:AGM) last posted its earnings results on Wednesday, May 10th. The credit services provider reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.16. The business had revenue of $43.87 million during the quarter. Federal Agricultural Mortgage Corp. had a return on equity of 17.14% and a net margin of 21.88%. Equities analysts predict that Federal Agricultural Mortgage Corp. will post $5.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, June 13th. Federal Agricultural Mortgage Corp.’s payout ratio is presently 20.97%.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods set a $65.00 price objective on shares of Federal Agricultural Mortgage Corp. and gave the stock a “hold” rating in a research report on Tuesday, May 16th. TheStreet raised shares of Federal Agricultural Mortgage Corp. from a “c” rating to a “b-” rating in a research report on Wednesday, May 17th.

In other Federal Agricultural Mortgage Corp. news, Director Myles James Watts sold 1,779 shares of Federal Agricultural Mortgage Corp. stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $62.50, for a total transaction of $111,187.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory Ramsey sold 799 shares of Federal Agricultural Mortgage Corp. stock in a transaction dated Thursday, May 18th. The shares were 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. Insiders have sold a total of 2,828 shares of company stock valued at $174,903 in the last ninety days. Insiders own 4.84% of the company’s stock.

About Federal Agricultural Mortgage Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AGM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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