Federal Agricultural Mortgage Corporation (AGM) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,449 shares of the company’s stock after acquiring an additional 413 shares during the quarter. Voya Investment Management LLC owned about 0.05% of Federal Agricultural Mortgage Corporation worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its holdings in shares of Federal Agricultural Mortgage Corporation by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 6,679 shares of the company’s stock valued at $432,000 after acquiring an additional 45 shares during the period. American International Group Inc. boosted its holdings in shares of Federal Agricultural Mortgage Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,287 shares of the company’s stock valued at $304,000 after acquiring an additional 350 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Federal Agricultural Mortgage Corporation by 1.6% in the first quarter. Teachers Advisors LLC now owns 28,365 shares of the company’s stock valued at $1,633,000 after acquiring an additional 444 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Federal Agricultural Mortgage Corporation by 5.9% in the first quarter. Public Employees Retirement System of Ohio now owns 12,842 shares of the company’s stock valued at $739,000 after acquiring an additional 719 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Federal Agricultural Mortgage Corporation by 5.1% in the second quarter. New York State Common Retirement Fund now owns 15,351 shares of the company’s stock valued at $993,000 after acquiring an additional 745 shares during the period. 64.86% of the stock is owned by institutional investors and hedge funds.

Shares of Federal Agricultural Mortgage Corporation (NYSE AGM) opened at C$67.77 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 2.70. Federal Agricultural Mortgage Corporation has a fifty-two week low of C$47.05 and a fifty-two week high of C$77.78. The firm has a market capitalization of $718.57, a price-to-earnings ratio of 11.68 and a beta of 1.25.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.46 by C$0.11. Federal Agricultural Mortgage Corporation had a return on equity of 15.06% and a net margin of 23.05%. The firm had revenue of C$43.86 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, December 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio is presently 19.35%.

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In other Federal Agricultural Mortgage Corporation news, Director James R. Engebretsen sold 400 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of C$65.64, for a total value of C$26,256.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis A. Everson sold 700 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of C$67.08, for a total value of C$46,956.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,856 shares of company stock valued at $2,244,371. Corporate insiders own 3.75% of the company’s stock.

AGM has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $65.00 price target on shares of Federal Agricultural Mortgage Corporation in a report on Friday. BidaskClub downgraded Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, TheStreet downgraded Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th.

Federal Agricultural Mortgage Corporation Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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Institutional Ownership by Quarter for Federal Agricultural Mortgage Corporation (NYSE:AGM)

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