Cynosure Group LLC Lowers Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Cynosure Group LLC lessened its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,974 shares of the credit services provider’s stock after selling 198 shares during the quarter. Cynosure Group LLC’s holdings in Federal Agricultural Mortgage were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in Federal Agricultural Mortgage by 34.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,050 shares of the credit services provider’s stock valued at $1,134,000 after acquiring an additional 1,541 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock valued at $20,145,000 after purchasing an additional 6,444 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Federal Agricultural Mortgage by 1.0% during the third quarter. Foundry Partners LLC now owns 37,605 shares of the credit services provider’s stock valued at $7,048,000 after purchasing an additional 355 shares in the last quarter. Intech Investment Management LLC purchased a new position in Federal Agricultural Mortgage during the third quarter worth about $300,000. Finally, Moors & Cabot Inc. grew its position in Federal Agricultural Mortgage by 7.8% in the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock worth $237,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Down 0.2 %

Shares of NYSE:AGM opened at $211.31 on Friday. The company has a market capitalization of $2.30 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 1 year low of $161.72 and a 1 year high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The business has a fifty day moving average price of $192.53 and a two-hundred day moving average price of $188.18.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The company had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same quarter last year, the business posted $4.13 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.65%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This trade represents a 17.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the sale, the executive vice president now directly owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,467 shares of company stock worth $1,455,622. Insiders own 2.21% 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: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.