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Sei Investments Co. reduces stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Sei Investments Co. reduced its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 25.7% in the second quarter, HoldingsChannel.com reports. The fund owned 12,482 shares of the credit services provider’s stock after selling 4,311 shares during the quarter. Sei Investments Co. holdings. in Federal Agricultural Mortgage were worth $2,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also made changes to their positions in AGM. Captrust Financial Advisors acquired a new position in shares of Federal Agricultural Mortgage in the first quarter worth $24,137,000. Boston Partners grew its position in Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after buying an additional 36,560 shares during the period. American Century Companies Inc. boosted its stake in Federal Agricultural Mortgage by 25.7% in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Federal Agricultural Mortgage by 63.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 46,225 shares of the credit services provider’s stock valued at $9,101,000 after purchasing an additional 17,870 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage in the first quarter worth approximately $2,141,000. 68.03% of shares are owned by hedge funds and other institutional investors.

Indoor activity

In related news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, EVP Stephen P. Mullery sold 2,472 shares of the business’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 completion of the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, 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 in the company, valued at approximately $595,173.75. The transaction represented a decrease of 0.00 % in the stock holding. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock worth $729,487 over the last three months. 2.58% of shares are currently held by corporate insiders.

Performance of Federal Farm Mortgage Shares

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AGA opened at $185.76 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49, and a quick ratio of 0.49. The firm has a fifty day moving average price of $187.94 and a 200 day moving average price of $186.02. Federal Agricultural Mortgage Co. has a 1 year low of $140.44 and a 1 year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM – Get Free Report ) last posted its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The firm had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. In the same period last year, the company earned $3.86 per share. Equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Farm Mortgage Dividend Notice

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $1.40 dividend. This represents an annualized dividend of $5.60 and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 16th. The Federal Agricultural Mortgage payment rate is currently 34.15%.

The Wall Street analyst weighs in

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

Check out our latest AGM analysis

Federal Agricultural Mortgage Company Profile

(Free report)

The Federal Agricultural Mortgage Corporation provides a secondary market for various loans to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities and Renewable Energy. The Agricultural Finance line of business engages in the acquisition and retention of eligible loans and securities; guaranteeing the payment of principal and interest on securities representing interests or obligations secured by eligible loan pools; servicing eligible loans; and issuance of LTSPC for eligible loans.

See Also

Want to see what other hedge funds own AGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report).

Quarterly Institutional Ownership of Federal Agricultural Mortgage (NYSE:AGM)

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