Wellington Management Group LLP Raises Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Wellington Management Group LLP boosted its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 5.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 182,569 shares of the credit services provider’s stock after buying an additional 10,194 shares during the period. Wellington Management Group LLP’s holdings in Federal Agricultural Mortgage were worth $34,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $36,000. Point72 DIFC Ltd raised its position in Federal Agricultural Mortgage by 180.0% in the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 234 shares during the period. Fifth Third Bancorp lifted its stake in shares of Federal Agricultural Mortgage by 160.5% during the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Federal Agricultural Mortgage during the second quarter worth about $108,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Federal Agricultural Mortgage in the second quarter worth about $181,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $208.00, for a total transaction of $208,000.00. Following the completion of the transaction, the director now directly owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,573 shares of company stock worth $1,808,561 over the last ninety days. Corporate insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM opened at $211.43 on Friday. The business’s 50-day simple moving average is $198.96 and its 200 day simple moving average is $190.72. The company has a market cap of $2.30 billion, a P/E ratio of 13.60, a PEG ratio of 1.93 and a beta of 1.07. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60.

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 firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same quarter in the prior year, the business earned $4.13 EPS. On average, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given 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 yield of 2.65%. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

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.