Point72 DIFC Ltd Buys 234 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Point72 DIFC Ltd boosted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 180.0% in the third quarter, HoldingsChannel reports. The firm owned 364 shares of the credit services provider’s stock after acquiring an additional 234 shares during the period. Point72 DIFC Ltd’s holdings in Federal Agricultural Mortgage were worth $68,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AGM. International Assets Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at about $175,610,000. American Century Companies Inc. grew its holdings in Federal Agricultural Mortgage by 25.7% during the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after purchasing an additional 36,380 shares during the period. Principal Financial Group Inc. increased its stake in Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after purchasing an additional 29,917 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Federal Agricultural Mortgage in the third quarter worth $3,949,000. Finally, Captrust Financial Advisors boosted its position in shares of Federal Agricultural Mortgage by 10.0% during the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM opened at $211.06 on Tuesday. The stock has a market cap of $2.30 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.93 and a beta of 1.07. Federal Agricultural Mortgage Co. has a 12 month low of $168.71 and a 12 month high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a fifty day simple moving average of $197.10 and a 200 day simple moving average of $190.14.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same quarter last year, the company earned $4.13 earnings per share. On average, research analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS 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. Shareholders of record on Monday, December 16th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Insider Activity

In related news, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total value of $211,100.00. Following the sale, the director now owns 13,060 shares of the company’s stock, valued at approximately $2,756,966. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,698 shares of company stock worth $1,831,619 over the last quarter. 2.21% of the stock is currently owned by company insiders.

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.