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

Cynosure Group LLC trimmed its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and 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 quarter.

A number of other large investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in Federal Agricultural Mortgage in the 2nd quarter valued at $36,000. Fifth Third Bancorp raised its position in shares of Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after buying an additional 321 shares in the last quarter. Ridgewood Investments LLC bought a new stake in Federal Agricultural Mortgage during the second quarter valued at $108,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Federal Agricultural Mortgage during the second quarter worth about $181,000. Finally, Cetera Advisors LLC bought a new position in Federal Agricultural Mortgage in the 1st quarter worth about $205,000. 68.03% of the stock is currently owned by institutional investors.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage 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 transaction, the director now directly owns 13,060 shares of the company’s stock, valued at $2,756,966. The trade was a 7.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the sale, the director now directly owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. This trade represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,467 shares of company stock valued at $1,455,622. Insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $211.31 on Friday. The company’s fifty day moving average price is $192.53 and its 200-day moving average price is $188.18. 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 firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.90 and a beta of 1.04. Federal Agricultural Mortgage Co. has a one year low of $161.72 and a one year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $4.13 EPS. On average, equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid 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 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.